SUEZ Employee Shareholders Association
Affiliated with the French Federation of Associations of Employee and Former Employee Shareholders
Who can join the ASAS?
SUEZ employees and group retirees who hold shares. Whether you are based in France or abroad.
Mission
The ASAS's mission is to represent, defend, and promote the interests of all SUEZ employee shareholders.
It has set itself the goal of promoting employee share ownership within the company on a long-term basis, with a clear ambition: to achieve a rate of 10% employee shareholders.
Why join?
- Because you hold Go SUEZ shares, which constitute savings and a share of SUEZ's capital. Employee shareholders currently hold 4.4% of SUEZ's capital and 3.9% of its voting rights at Ordinary and Extraordinary General Meetings.
- To receive quick and efficient information about major events related to employee savings from an independent association dedicated to the interests of SUEZ shareholders.
- To receive personalised responses to your queries about your employee savings plan.
- To expand your knowledge and grow your network by engaging with topics related to employee savings plans, employee share ownership, corporate governance and corporate strategy.
- To contribute to the life of the association by participating in its general meeting.
Membership fees
ASAS is an association funded by its members' contributions, starting at €5. By joining, you give us the means to represent and defend employee share ownership, both within the company and beyond.

Christophe Le Roy

Silvia Baggi

Valerie Macquin
SUEZ shares
By investing in the Company Mutual Fund (FCPE), you will become an indirect shareholder in the company, alongside Meridiam, GIP and Caisse des Dépôts/CNP Assurances.
This will enable you to benefit financially from SUEZ's future success and feel more connected to the group.
SUEZ is an unlisted company, meaning its shares are not traded daily on the stock market between investors.
Consequently, the price of SUEZ shares is determined using a formula established by an independent expert.
SUEZ revalues this formula every year after the publication of the consolidated financial statements, under the supervision of the company's auditors.
An additional valuation may be carried out if an event or series of events is likely to lead to a substantial revaluation of the SUEZ share price.
Go SUEZ 2025!
Go SUEZ 2025 involved 15,000 employees in ten countries, representing 39% of eligible employees and former employees. These individuals subscribed to the capital increase, contributing a total of €30.0 million.
Thanks to this record-breaking level of subscription, employees' participation in SUEZ's capital will increase to 4.4%.
9 september 2025
23 september 2025
October 2025
Early withdrawal of funds invested in the Go SUEZ offer.
If you have subscribed to the Go SUEZ offer, your funds will be locked in for five years. However, *early withdrawal is possible at any time of the year in certain situations provided for by law.
*The request for withdrawal must be made within six months of the event that constitutes the grounds for early withdrawal occurring.
Information on early withdrawal requests and the procedure to follow can be found on the Natixis Interépargne website under the heading 'Your transactions' and then 'Cases of withdrawal'.
Your Go SUEZ funds will only be reimbursed quarterly in March, June, September and December.
The deadlines for finalising your request are as follows:
Until 9 december 2025
Until 19 december 2025
Any questions? Contact us
If you would like to know more about share ownership, please do not hesitate to contact us.
ASAS will be happy to answer your questions and provide you with the best possible answers.
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Frequently asked questions
You are eligible for early withdrawal if you are in one of the following situations:
- Marriage or civil union partnership (PACS) of the employee*
- The birth or adoption of the third child or subsequent children*
- Divorce, separation or dissolution of a civil union partnership involving custody of at least one child.
- The creation or takeover of a business by the employee, one of their children, their spouse or their civil union partner, provided they effectively control the business*.
- Acquisition or extension of the main residence, or restoration of the main residence damaged as a result of a natural disaster recognised by ministerial decree*.
- Death of the employee, their spouse or civil union partner.
- Disability of the employee, their spouse, civil union partner or child
- Termination of the employment contract
- Over-indebtedness of the employee (at the request of the President of the Personal Debt Commission or a judge).
- Domestic violence committed against the employee, whether confirmed or giving rise to legal proceedings.
- Expenses related to energy renovation work on the main residence.
- Expenses related to the purchase of a vehicle that uses electricity and/or hydrogen as its sole source of energy*.
- Caregiving activities carried out by the employee, their spouse or civil union partner for a relative.
*The request for withdrawal must be made within six months of the date on which the event constituting the case for early withdrawal occurred.
To request early withdrawal, you must contact your Natixis account manager.
The circumstances under which early withdrawal is possible, and the procedure to follow, are outlined on the website https://epargnants.interepargne.natixis.fr/, under the headings 'Your transactions' and 'Withdrawal of funds'.
You can also submit your early withdrawal request on this website.
If your request is complete, your account manager will approve it and make the payment directly to your account.
Please note that, although you can request an early withdrawal at any time, your Go SUEZ assets will only be reimbursed quarterly. For the 'Go SUEZ Classic' plan, requests for early withdrawal must be sent to Natixis Interépargne at least seven business days before the net asset value is calculated in March, June, September and December, in accordance with the 'Go SUEZ' employee savings plan regulations. For the 'Go SUEZ Multiple' plan, requests for withdrawal must be sent to Natixis Interépargne no later than 15 business days before the net asset value is calculated for March, June, September and December, in accordance with the plan's regulations.
This share value may vary slightly from the subscription value.
The share value is calculated each quarter based on:
- The value of SUEZ ordinary shares
- Management fees (for Go SUEZ Classique)
The portion of the fund invested in cash (maximum 5%)
This is the rule for FCPE shares invested in unlisted stocks.
As a reminder, dividends on ordinary shares will only be paid if approved by the General Meeting.
Potential dividends on Go SUEZ Classique shares will be paid annually and automatically reinvested in the employee share ownership fund (FCPE).
In the event of a dividend distribution for the Multiple option, the parameters of the stock warrants (BSAs) will be adjusted so that employees benefit from this dividend in the calculation of the final performance, provided it is positive.
Please note that shares are only entitled to dividends if the General Meeting votes in favour.
In the Go SUEZ Classic option, any dividends will be paid, resulting in the creation of new FCPE units.
In the Multiple Plan, employees waive dividends paid on shares held by the FCPE. However, the parameters of the stock warrants will be adjusted so that employees benefit from any positive final performance.
When you exit the plan, the amount you gain depends on the value of SUEZ shares on the day you sell your FCPE units. Performance is calculated as the difference between the sale price and the discounted subscription price.
Depending on the value of SUEZ shares when your assets are redeemed, the value of your investment (your personal contribution plus your employer's contribution) may be less than your initial payment. However, the 20% discount and the employer contribution act as a buffer in the event of a decline in the value of SUEZ shares.
Once this period has ended, your investment will become available and you will be able to choose one of the following options:
- keeping all or part of your assets in the Go SUEZ Classic fund;
- Transferring your shares from the Go SUEZ Classic sub-fund to one or more employee investment funds (FCPE) offered in the SUEZ Group Savings Plan (PEG); or
- Redemption of your assets, either partially or in full.
Go SUEZ Multiple 2022
- Partial or total redemption of your assets.
- Arbitration of your assets to one or more of the PEG's employee investment funds (FCPEs).
If you do not submit a redemption or transfer request, your assets will be automatically transferred, by way of merger, to a PEG fund following a decision by the Supervisory Board and approval by the AMF.
Go SUEZ Multiple 2025
On the Maturity Date, the assets corresponding to the result of the “Go SUEZ Multiple 2025” sub-fund formula will be invested:
- in SUEZ shares if the value of the SUEZ share is greater than 50% of the Reference Price, or
- in cash if the value of the SUEZ share is less than or equal to 50% of the Reference Price.
You will also have the option of requesting the redemption of all or part of your units under the following terms:
- no later than two months before the Maturity Date, you will be contacted by the account keeper/custodian of the units, who will ask you to choose between:
If the share value, as calculated using the expert valuation method in effect on the maturity date, is greater than 50% of the reference price:
- Leave your assets in the 'Go SUEZ Multiple 2025' sub-fund. These will be invested in SUEZ shares. Any unredeemed assets will be invested in SUEZ shares via the merger of 'Go SUEZ Multiple 2025' into the 'Go SUEZ Classique' sub-fund.
- Request the redemption of your assets in cash on the Maturity Date. The corresponding amounts will be sent directly to you by the account holder or depositary.
If the share value calculated using the expert valuation method in effect on the maturity date is less than or equal to 50% of the reference price:
- Leave your assets in the 'Go SUEZ Multiple 2025' sub-fund. These will be invested in money market products. Your remaining assets in the sub-fund will then be transferred by way of a merger into the 'MULTIPAR MONETAIRE SOCIALEMENT RESPONSABLE' employee savings fund, or any other fund classified in the 'money market' category of the PEG, subject to prior approval from the Supervisory Board and the AMF.
- Request the redemption of your assets in cash on the Maturity Date. The corresponding amounts will be sent directly to you by the Account Keeper or the Depositary.
Can I benefit from early redemption cases?
You can benefit from early redemption cases. They are listed in the local supplement specific to your country, available in the “Documentation” section.
How can I benefit from an early exit case?
To request an early release, you must contact your HR representative.
What is the frequency of early releases?
While you can ask for an early release at any time of the year, the reimbursement of your investment can only be made on a quarterly basis.
For the "Go SUEZ Classique” formula, early release requests must be submitted to your employer, together with relevant justifications of the occurrence of the event, no later than 7 working days preceding the last trading day (Euronext Paris) of March, June, September and December in accordance with the terms and conditions set out in the “Go SUEZ” FCPE regulation and in the local supplement for your country.
For the "Go SUEZ Multiple” formula, early release requests must be submitted to your employer, together with relevant justifications of the occurrence of the event, no later than 15 working days preceding the last trading day (Euronext Paris) of March, June, September and December in accordance with the terms and conditions set out in the “Go SUEZ” FCPE regulation and in the local supplement for your country.
Why is a release only possible at the end of each quarter?
This is the rule for FCPE units invested in unlisted shares. Only early releases are permitted during the 5-year period.
Who should I contact after subscribing?
If you have any questions after subscribing, contact your Go SUEZ Ambassador. mail : [email protected]
