SUEZ ENVIRONNEMENT (EPA:SEV) SUEZ STRENGTHENS ITS POSITION IN ITALY BY PURCHASING A 10.85% STAKE IN ACEA CAPITAL FROM CALTAGIRONE WHICH BECOMES A LONG-TERM SHAREHOLDER OF SUEZ

Transparency directive : regulatory news

29/07/2016 08:32

Paris, 29 July 2016

SUEZ STRENGTHENS ITS POSITION IN ITALY BY PURCHASING A 10.85% STAKE IN ACEA
   CAPITAL FROM CALTAGIRONE WHICH BECOMES A LONG-TERM SHAREHOLDER OF SUEZ

SUEZ has entered into a Master Agreement with the Caltagirone Group ("
Caltagirone(1) "), in order to purchase an additional 10.85% stake in ACEA, in
exchange 20 million newly issued SUEZ shares.

The ACEA group is one of the leading Italian players operating in the water,
energy and environmental sector.

With this transaction which will be finalized by the end of September 2016(2),
SUEZ will strengthen:

- its position on the environmental markets in Italy. Through this transaction,
  SUEZ will indirectly hold 23.33% of ACEA's share capital, making it the
  second largest shareholder after the City of Rome, which stake amounts to
  51%. On its side, Caltagirone has indicated that it will keep a 5% holding
  in ACEA and that it will continue to exercise the rights deriving from such
  holding.

- its shareholding structure, Caltagirone becoming a long-term shareholder of
  SUEZ, with a stake of approximately 3.5% of the share capital of SUEZ, which
  stake shall be subject to a four-year lock-up period(3), and having expressed
  its intention to possibly increase its stake in SUEZ up to 6% in the coming
  years.

A representative of Caltagirone will also be proposed to be appointed as
director at SUEZ's Board of Directors at the latest at the 2017 General
Meeting(4).

This transaction is value creative for SUEZ shareholders, with a recurring
additional contribution to the net income group share of 22 million euros
expected in 2017(5).

Jean-Louis Chaussade, Chief Executive officer, stated: "This transaction, value
creative for SUEZ shareholders, reflects the Group's intention to expand on the
Italian water market, making it the third pillar of its development in European
water activities. Considering the structural needs for investment in
infrastructure, the Italian market will be promising in the next few years. We
also intend to strengthen our cooperation with ACEA, a key player in Italy, in
order to support its expansion. Finally, I am happy to welcome Caltagirone, a
significant industrial player in particular in Italy and Scandinavia, as a
long- term shareholder of SUEZ and within the framework of a strategic
industrial cooperation."

ACEA is listed on the Milan stock exchange (ISIN Code: IT0001207098).
For more information on ACEA: www.ACEA.it

(1) Represented by different companies controlled by Mr Francesco Gaetano
Caltagirone.
(2) Subject to certain completion conditions.
(3) Subject to certain customary exceptions.
(4) Which will decide upon the approval of the FY 2016 accounts.
(5) Additional portion of the net income attributable to SUEZ, based on
Bloomberg consensus estimates. The stake is consolidated by SUEZ under the
equity method ; therefore, the portion of the net income group share is
included in EBITDA and EBIT pursuant to definitions used by SUEZ.

Pursuant to the commission implementing regulation (EU) 2016/1055 of 29 June
2016 laying down implementing technical standards with regard to the technical
means for appropriate public disclosure of inside information and for delaying
the public disclosure of inside information in accordance with Regulation (EU)
No 596/2014 of the European Parliament and of the Council, this press release
may contain inside information and has been sent to the authorized broadcaster
of SUEZ on 29 July at  8:00 am.

SUEZ
We are at the dawn of the resource revolution. In a world facing high
demographic growth, runaway urbanisation and the shortage of natural resources,
securing, optimising and renewing resources is essential  to our future. SUEZ
(Paris: SEV, Brussels: SEVB) supplies drinking water to 92 million people,
delivers waste water treatment services to 65 million, collects waste produced
by almost 34 million, recovers 16 million tons  of waste each year and produces
7 TWh of local and renewable energy. With 82,530 employees, SUEZ, which is
present on all five continents, is a key player in the sustainable management
of resources. SUEZ generated total revenues of EUR15.1 billion in 2015.

CONTACTS

Press
Ophélie Godard                           Analysts / Investors
+33 1 58 81 54 73                        Tel : +33 1 58 81 24 05
ophelie.godard@suez-env.com

SUEZ
Siège social  - Tour CB21  -
16 place de liris, 92040 Paris La Défense Cedex, France -
Tel : +33 (0)1 58 81 20 00  - www.suez - environnement.fr
SA au capital de 2 177 604 984 euros  - Siren 433 466 570 RCS NANTERRE
TVA FR 76433 466 570

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SUEZ ENVIRONNEMENT (EPA:SEV) SUEZ STRENGTHENS ITS POSITION IN ITALY BY PURCHASING A 10.85% STAKE IN ACEA CAPITAL FROM CALTAGIRONE WHICH BECOMES A LONG-TERM SHAREHOLDER OF SUEZ

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