A nice contribution. However, the fact that Veolia dances on umpteen weddings makes it simply unattractive for investors. It does have a certain supremacy in its own country, but even there there is serious small competition such as $DBG. In principle, I would like to see certain divisions spun off. As a conglomerate, we are at a structural disadvantage.
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1Yr
@Hannes_SK I will never really understand this affinity for splitting up or spinning off subsidiaries. I just think it's good when a company is broadly positioned and under one roof 😅. In Europe, it's a bit of a tradition to have this combination of water and waste coinciding in one company. See Rethmann, Suez,
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@AE23
This is simply due to rationalization and specialization. 😅 In particular, the structures of a stock corporation stand in the way of the goal of profit maximization in this respect. In addition, these conglomerates crush themselves because they actually have more value than they can show to the outside world. This puts them in direct competition with the antitrust authorities. It also scares away investors who are specifically interested in only one area. Very drastic examples here are the Asians, such as Alibaba $BABA, Itochu $8001 or also the German example $FRE.
This is simply due to rationalization and specialization. 😅 In particular, the structures of a stock corporation stand in the way of the goal of profit maximization in this respect. In addition, these conglomerates crush themselves because they actually have more value than they can show to the outside world. This puts them in direct competition with the antitrust authorities. It also scares away investors who are specifically interested in only one area. Very drastic examples here are the Asians, such as Alibaba $BABA, Itochu $8001 or also the German example $FRE.
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