Recommendations International exchanges French infrastructure: preference for SPIE, Veolia, Engie and Getlink; greater vulnerability in Bouygues and Eiffage

After denouncing French environmental practices in Mayotte, Azerbaijan seems to have found a new green indignation: Armenia. In an incendiary article published by Caliber.Az, a media aligned with the Azerbaijani power, it is this time the French company Veolia that is targeted. Reason: to have the audacity to supply drinking water to Armenia, an act presented as an ecological threat of international magnitude. Starting from a report by the NGO G…

Morgan Stanley Market Consensus The political environment in France remains uncertain, especially in the face of the negotiation of pensions (April-Jun), the possibility of elections this summer and the negotiation of budgets (Oct/Nov). Arthur Sitbon and Nic Mora review the values of the French infrastructure sector, and assume that the market understands better the risks in the segment than in 2024. Despite having seen a recent rally, they are…