SUEZ ENVIRONNEMENT (EPA:SEV) SUEZ IN EXCLUSIVE NEGOCIATIONS FOR THE SALE OF ITS RECYCLING & RECOVERY OPERATIONS IN SWEDEN

Transparency directive : regulatory news

21/09/2020 19:36

Press release

Paris, September 21, 2020 - 7.30 pm CET

SUEZ IN EXCLUSIVE NEGOTIATIONS FOR THE SALE OF ITS RECYCLING & RECOVERY
OPERATIONS IN SWEDEN

SUEZ announced today it has entered into an exclusivity agreement with PreZero,
the environmental division of Schwarz Group, regarding the sale of SUEZ's
Recycling & Recovery operations in Sweden for SEK 3,700m (Enterprise Value)(1)
i.e. c. EUR 357m(1). The agreement enables a solid future for the business and
its employees within PreZero, a fast-growing division of the largest European
retailer and a pioneer in recyclable waste management.

This will be the second transaction between SUEZ and PreZero announced in a
week: the two parties had recently entered into exclusive negotiations for the
sale of SUEZ's Recycling & Recovery assets in four continental Europe countries
to PreZero and had announced entering into a memorandum of understanding (MoU)
to explore possibilities to develop strategic partnerships promoting the
development of circular economy.

SUEZ benefits from a leading position in Sweden, with a presence throughout the
Recycling and Recovery value chain, from collection for Municipalities and
Industrial & Commercial clients, to sorting and treatment. The business to be
transferred to PreZero operates a network of c. 50 sites in the country and
employs close to 1,100 people. It generated c. SEK 2,661m in sales (i.e. c. EUR
250m) and c. SEK 358m(1) (i.e. c. EUR 34m(1)) in EBITDA in 2019.

This new announcement demonstrates once again SUEZ's commitment to successfully
deliver on its asset rotation plan deployed in the scope of SUEZ 2030 strategy.
The contemplated transaction closes the first wave of disposals ahead of
schedule, for an aggregated amount of c.EUR2.3bn(2) to date.

Commenting on the transaction, Bertrand Camus, CEO of SUEZ, said: "This
announcement is another important step in the delivery of our asset rotation
plan. I am very pleased that our Recycling & Recovery Swedish activities and
teams will join PreZero with whom SUEZ will, as announced last week, develop
strategic partnerships together to accelerate the development of circular
economy."

The transaction is expected to be completed by end 2020, subject to regulatory
approval and customary closing conditions.

J.P. Morgan and Rothschild & Co acted as financial advisors to SUEZ.

(1) Excl. IFRS 16 impacts: SEK 300m (c. EUR 28m) on Enterprise Value (debt) and
SEK 73m (c. EUR 7m) on EBITDA
(2) Incl. IFRS 16

CONTACTS

Media
Isabelle Herrier Naufle / Ophélie Godard
isabelle.herrier.naufle@suez.com /
ophelie.godard@suez.com
+33 6 83 54 89 62 / +33 6 70 66 18 20

Analysts/Investors
Mathilde Rodié / Cécile Combeau
+33 6 32 13 70 17/ +33 6 32 35 01 46

About SUEZ:
Since the end of the 19th century, SUEZ has built expertise aimed at helping
people to constantly improve their quality of life by protecting their health
and supporting economic growth. With an active presence on five continents,
SUEZ and its 90,000 employees strive to preserve our environment's natural
capital: water, soil, and air. SUEZ provides innovative and resilient solutions
in water management, waste recovery, site remediation and air treatment,
optimizing municipalities' and industries' resource management through "smart"
cities and improving their environmental and economic performance. The Group
delivers sanitation services to 64 million people and produces 7.1 billion m3
of drinking water. SUEZ is also a contributor to economic growth, with more
than 200,000 jobs created directly and indirectly on an annual basis, and a
provider of new resources, with 4.2 million tons of secondary raw materials
produced. By 2030, the Group is targeting 100% sustainable solutions, with a
positive impact on our environment, health and climate. SUEZ generated total
revenue of EUR18.0 billion in 2019.

Find out more about the SUEZ Group on the website & on social media

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.com
Limited Liability Company with a share capital of EUR2,513,450,316 - Siren
(French business administration number) 433 466 570 RCS Nanterre -
VAT FR 76433 466 570

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SUEZ ENVIRONNEMENT (EPA:SEV) SUEZ IN EXCLUSIVE NEGOCIATIONS FOR THE SALE OF ITS RECYCLING & RECOVERY OPERATIONS IN SWEDEN

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