Product details

The case exposes the situation of two large French companies in 1990: Lyonnaise des Eaux and Dumez, right before they announced that they would merge. Lyonnaise des Eaux is a widely diversified service company (water distribution, funeral services, waste management, energy, etc), while Dumez is a company specializing in construction and public works. The objective of the case is to explore the actual reasons for the merger. This requires an in-depth analysis of the synergies that may exist between the activities of the two companies as well as an analysis of their respective business portfolios. All the necessary financial data to conduct an in-depth cash flow analysis and to actually build the business portfolios of the two companies is included in the case.