SUEZ ENVIRONNEMENT (EPA:SEV) DEFINITIVE SETTLEMENT OF THE DISPUTE BETWEEN SUEZ AND ARGENTINA ON AGUAS ARGENTINAS

Transparency directive : regulatory news

25/04/2019 17:45

press release

Paris, April 25, 2019

   DEFINITIVE SETTLEMENT OF THE DISPUTE BETWEEN SUEZ AND ARGENTINA ON AGUAS
                                   ARGENTINAS

The Argentine government and SUEZ have concluded and implemented a
transactional settlement agreement in compliance with the ruling handed down by
the World Bank's International Center for Settlement of Investment Disputes
(ICSID) in favor of SUEZ in respect of the Buenos Aires water and wastewater
management concession, terminated in 2006.

Several SUEZ group entities, both internal and external, having been parties to
the proceedings will benefit from the agreement, which applies a percentage
reduction identical to that granted by Argentina for the settlement of previous
ICSID sentences. For the SUEZ Group alone, the cash amount received is EUR220
million.

The recognition of this transaction in the Group's financial statements will be
finalized and publicly disclosed on the closing of the Group's accounts on June
30, 2019.

In addition, ICSID handed down a definitive ruling on December 14, 2018 in
favor of SUEZ relating to the termination of the water and wastewater
management contract, Aguas Provinciales de Santa Fé, Argentina. The ruling
marks a major milestone in the dispute settlement proceedings. A new phase has
now begun with a view to obtaining the implementation of ICSID's decision for
this second sentence.

Press contact:
Isabelle Herrier Naufle                           Analysts and Investors
Deputy Director - SUEZ Media Department           +33 (0)1 58 81 24 05
+33 1 58 81 55 62
isabelle.herrier.naufle@suez.com
Twitter : @suez

About SUEZ
With 90 000 people on the five continents, SUEZ is a world leader in smart and
sustainable resource management. We provide water and waste management
solutions that enable cities and industries to optimize their resource
management and strengthen their environmental and economic performances, in
line with regulatory standards. To meet increasing demands to overcome resource
quality and scarcity challenges, SUEZ is fully engaged in the resource
revolution. With the full potential of digital technologies and innovative
solutions, the Group recovers 17 million tons of waste a year, produces 3.9
million tons of secondary raw materials and 7 TWh of local renewable energy. It
also secures water resources, delivering wastewater treatment services to 58
million people and reusing 882 million m3 of wastewater. SUEZ generated total
revenues of EUR17.3 billion in 2018.

        Find out more about SUEZ Group on the website & on social media
                     Twitter, Linkedin, Youtube, Instagram

SUEZ
Registered office - Tour CB21 - 16 place de l'Iris, 92040 Paris La Défense
Cedex,
France - Tel: +33 (0)1 58 81 20 00 - www.suez.com SA with a capital of
EUR2,485,450,316 - Siren 433 466 570 RCS NANTERRE - VAT FR 76433 466 570

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