Goldman Sachs Crosses Thresholds at Veolia

On April 14, 2025, The Goldman Sachs Group, Inc. announced that it had indirectly exceeded the 5% stake in Veolia Environnement. The acquisition, completed on April 8, gives the American company 5.87% of Veolia's shares and voting rights. These shares are distributed among several Goldman Sachs entities, including Goldman Sachs International, which holds 5.12% of the capital.

The thresholds were exceeded as a result of an off-market acquisition. In this case, a portion of the shares is combined with various financial instruments, including options and swap contracts. These instruments allow Goldman Sachs to manage its positions with greater flexibility.