SUEZ ENVIRONNEMENT (EPA:SEV) SUEZ reiterates its objective to find a negotiated solution with Veolia as soon as possible

Transparency directive : regulatory news

06/04/2021 00:00

press release

Paris, April 6th 2021

SUEZ reiterates its objective to find a negotiated solution with Veolia as soon
                                  as possible

The Board of Directors of SUEZ reconfirms that it remains in a position to
recommend until the 20th April a new offer from Veolia to the extent that it is
fair and according to the interest of all its shareholders. SUEZ has always
preferred a negotiated solution with Veolia and proposes once again to meet
with the Chairman and CEO in the coming days.

A fair offer needs notably to recognize the value of SUEZ

The Board of Directors of SUEZ notes that all its actions reinforce its
objectives to protect its corporate interest and defend its shareholders. The
Board noted on the 26th February 2021 that SUEZ was significantly undervalued
by the price of 18EUR per share (cum dividend) offered by Veolia, price which
has remained unchanged since the transaction with Engie on 5th October 2020.
The Board reiterated this view on the 21st March 2021.

SUEZ continues to act to create value for all its shareholders. The evolution
of the stock market price, which trades above 18EUR, the expectations of our
shareholders, and in addition the multiple implied by the disposals signed
since August 2021 - including the most recent concerning our Australian
recycling and recovery activities - demonstrate clearly the relevance of these
actions.

A negotiated solution is the priority of the SUEZ Board

SUEZ proposes to Veolia's Chairman and CEO to meet in the coming days. SUEZ
reiterates its objective to negotiate a solution which respects all
stakeholders.

The Board notes that a negotiated solution opens the way for the deactivation
of the Foundation. As additional proof of a wish to negotiate, the agreement
reached with Cleanaway was renegotiated to allow Veolia access to these
businesses notably in the context of a global agreement(1).

The Board hopes for a discussion in a constructive spirit which opens the way
to a fair proposal which responds to its expectations on price and on the
continuity of our activities.

Finally, the Board will ensure that the interests of its employees will be
respected through appropriate employment guarantees.

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 EUR17,2 billion in 2020.

(1) Veolia has also the ability to purchase the Australian activities by
putting forward a counter-offer

Contacts :
Media
Isabelle Herrier Naufle
isabelle.herrier.naufle@suez.com
+33 6 83 54 89 62
Twitter : @SUEZ

Analystes / Investisseurs
Cécile Combeau / Baptiste Fournier / Julien Minot
+33 1 58 81 55 71 / 54 85 / 37 09

  Retrouvez l'actualité du Groupe SUEZ sur le site Internet & sur les réseaux
                                    sociaux
                     Twitter, Linkedin, Youtube, 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

SUEZ ENVIRONNEMENT's latest news

01/02/2022 08:00

SUEZ ENVIRONNEMENT (EPA:SEV) SUEZ reiterates its objective to find a negotiated solution with Veolia as soon as possible

Transparency directive : regulatory news

SUEZ ENVIRONNEMENT's latest news

Other stories