SUEZ ENVIRONNEMENT (EPA:SEV) SUEZ consolidates its presence & activities in China by becoming the majority shareholder of its partnership with NWS Holdings

Transparency directive : regulatory news

02/11/2016 07:55

press release
Paris, 02/11/2016

SUEZ CONSOLIDATES ITS PRESENCE AND ACTIVITIES IN CHINA BY BECOMING THE MAJORITY
SHAREHOLDER OF ITS PARTNERSHIP WITH NWS HOLDINGS

SUEZ announces the expansion of its long-standing partnership with NWS
Holdings Limited (NWS Holdings), enlarging their cooperation to all the
businesses of the Group - Water, Recycling & Recovery - in China, within their
single entity. At the closing of the operation, SUEZ will hold a 58% stake in
this joint-venture company. This partnership will strengthen the development
of the Group in Mainland China, Hong Kong, Macao and Taiwan, a zone with
high-growth potential.

Under the terms of this transaction, SUEZ will contribute(1) its Recycling &
Recovery, as well as Construction businesses into Sino-French Holdings (SFH),
and SFH will make a cash receipt to SUEZ of approximately EUR50m. This
operation is due to be finalised in or around December 2016(2).

This operation confirms the Group's leading position in this territory, where
its has been providing all its expertise for more than 30 years. With 8,000
employees at work in China's biggest cities, SUEZ is supporting the central and
regional governments' environmental policy, and the actions taken to preserve
the resources of the public authorities and industrials on a partnership mode.
The Group supplies drinking water to almost 20 million inhabitants, it has been
the leader in waste management in Hong Kong since 1998 and it provides its
expertise in the management of environmental services to 11 industrial parks.

In 2015, SUEZ posted revenues of EUR1.2 billion in China.

Through Sino-French Holdings, SUEZ and NWS Holdings, partners since 1985,
will also generate additional commercial and operational synergies.

"We are proud of this high added value operation for our Chinese customers
concluded with NWS Holdings. In the last 30 years, our partnerships have
enabled us to support an increasing number of local authorities and industrial
manufacturers in their implementation of solutions that are adapted to climate
change and the sustainable management of resources. With this single entity, we
will go even further in the environmental transition of China", declared
Jean-Louis Chaussade, CEO of  SUEZ.

(1) Excluding Derun Environment
(2) Subject to the usual suspensive clauses and including MOFCOM approval

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 wastewater treatment services to 65 million, collects waste produced
by almost 50 million, recovers 16 million tons 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 sustainable management
of resources. SUEZ generated total revenues of EUR15.1 billion in 2015.
NWS Holdings

NWS Holdings Limited ("NWS Holdings", Hong Kong stock code: 659), the
infrastructure and service flagship of New World Development Company Limited
(Hong Kong stock code: 17), operates businesses in Hong Kong, Mainland China
and Macau. Its Infrastructure portfolio includes Roads, Environment, Logistics
and Aviation projects. Its Services portfolio comprises Facilities Management
(the management of Hong Kong Convention and Exhibition Centre and Free Duty),
Construction & Transport (construction, bus and ferry services) and Strategic
Investments.

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

SUEZ
Head Office - 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
PLC (SA) with capital of EUR2,177,604,984 - SIREN No. 433 466 570
RCS NANTERRE - International VAT identifier FR 76433 466 570

SUEZ ENVIRONNEMENT's latest news

01/02/2022 08:00

SUEZ ENVIRONNEMENT (EPA:SEV) SUEZ consolidates its presence & activities in China by becoming the majority shareholder of its partnership with NWS Holdings

Transparency directive : regulatory news

SUEZ ENVIRONNEMENT's latest news

Other stories