SUEZ ENVIRONNEMENT (EPA:SEV) SUEZ’ support confirmed for the project being developed by Ardian and the Suez employee shareholders
Transparency directive : regulatory news
04/10/2020 19:23
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press release
Paris, October 4th, 2020
SUEZ' support confirmed for the project being developed by Ardian and the Suez
employee shareholders
SUEZ' Board of Directors met this evening to review in detail the project being
developed by Ardian and its partners since the submission of a preliminary
Letter of Intent to Engie on September 30th.
In the context of Engie's sale process, the project envisages the acquisition
of a 29.9% stake in SUEZ from Engie, and an all-cash public offer immediately
thereafter for all SUEZ shareholders, under the same terms and conditions.
The Board views this project to be in the corporate interest of SUEZ - its
shareholders, its employees, its clients and all its stakeholders.
This project, built around growth, would also allow for a doubling of the
shareholding held by employees.
The Board accordingly renewed its support to the proposal being developed by
Ardian and the Suez employee shareholders.
CONTACTS
Media
Isabelle Herrier Naufle
isabelle.herrier.naufle@suez.com
+33 (0)6 83 54 89 62
Analysts & Investors
Mathilde Rodie / Cécile Combeau
+33 (0) 1 58 81 24 32 / +33 (0) 1 58 81 55 71
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
Twitter, Linkedin, You Tube, Instagram
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