SUEZ ENVIRONNEMENT (EPA:SEV) SUEZ ACQUIRES 10.85% OF ACEA FROM CALTAGIRONE - CALTAGIRONE BECOMES A LONG-TERM SHAREHOLDER IN SUEZ
Transparency directive : regulatory news
22/09/2016 18:54
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press release
Paris, 22/09/2016
SUEZ ACQUIRES 10.85% OF ACEA FROM CALTAGIRONE CALTAGIRONE BECOMES A LONG-TERM
SHAREHOLDER IN SUEZ
In accordance with the schedule announced in July 2016, SUEZ has acquired a
10.85% stake in ACEA from the Caltagirone group(1), in exchange for SUEZ new
shares.
The meeting of the SUEZ Board of Directors held on 21 September 2016 confirmed
the valuation of the 10.85% stake in ACEA on the basis of the report of the
contribution auditor, and authorised the remuneration of this contribution by
increasing the capital by 20 million new shares.
As a result of this operation, SUEZ now holds 23.33% of the capital of ACEA(2),
a leading Italian operator in the water, energy and environmental sector that
is 51% owned by the city of Rome. Caltagirone, which received 20 million SUEZ
new shares, becomes a long-term shareholder in SUEZ, holding a stake of about
3.5% of the capital that is subject to a lock-up period of four year(3) and
having expressed its intention to possibly increase its stake in SUEZ up to 6%
in the coming years.
Under the terms of the framework agreement signed in July 2016, a
representative of Caltagirone will be proposed by the SUEZ Board of Directors
to become a Director at the 2017 Annual Shareholders' Meeting(4) at the
latest.
This transaction consolidates SUEZ's position on the environmental markets in
Italy and strengthens its shareholder structure with a new long-term
shareholder that is a major industrial player, in particular in Italy,
Scandinavia and Turkey, with which SUEZ will be able to develop industrial
cooperation.
ACEA is listed on the Milan stock exchange (ISIN code: IT0001207098). More
about ACEA: www.ACEA.it
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 50 million, collects waste
produced by almost 50 million, recovers 16 million tonnes of waste each year
and produces 7 TWh of local and renewable energy. With 82,536 employees, SUEZ,
which is present on all five continents, is a key player in the circular
economy for 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
(1) Represented by various companies controlled by Francesco Gaetano
Caltagirone
(2) Directly and indirectly through its subsidiary SUEZ Italia.
(3) Lock-up subject to certain usual exceptions.
(4) which will approve the 2016 accounts.
SUEZ
Siège social - Tour CB21 - 16 place de l'iris, 92040 Paris La Défense Cedex,
France - Tel : +33 (0)1 58 81 20 00 - www.suez-environnement.fr
SA au capital de 2 257 604 984 euros - Siren 433 466 570 RCS NANTERRE -
TVA FR 76433 466 570