SUEZ ENVIRONNEMENT (EPA:SEV) Signing of the purchase agreement to acquire the new SUEZ

Transparency directive : regulatory news

22/10/2021 18:28

Press release

Paris, 22 October 2021

          Signing of the purchase agreement to acquire the new SUEZ

Following the put option agreement entered into on 29 June between SUEZ, Veolia
and the Consortium of investors consisting of Meridiam, GIP and CDC/CNP
Assurances and the completion of the consultation process of the relevant works
councils of SUEZ group, Veolia, Suez and the Consortium of investors entered
into a purchase agreement with terms and conditions in line with what was
announced on 29 June.

For the record, and as indicated on April 11, the new SUEZ thus formed would
have revenues of nearly EUR7 billion, including SUEZ's Water and Recycling &
Recovery activities in France, international assets in Italy, Central Europe,
Africa (including Morocco), Central Asia, India, China and Australia, as well
as global digital and environmental activities, enabling it to maintain its
growth prospects and innovation capacities in France and internationally.

It is specified that the completion of the acquisition by the Consortium of the
new SUEZ is contemplated at the end of January 2022, subject to the
satisfaction of the conditions precedent set forth in the purchase agreement,
including the settlement-delivery of the tender offer of Veolia for the shares
of SUEZ.

The signing of the purchase agreement has been approved by the Board of
Directors of SUEZ held on 21 October, on the basis of inter alia the report
prepared by Finexsi, in its capacity as independent expert(1).

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 EUR17.2 billion in 2020.

Contacts :
Media
Isabelle Herrier Naufle
isabelle.herrier.naufle@suez.com
+33 (0)6 83 54 89 62
Twitter : @suez

Analystes/Investisseurs
Cécile Combeau / Baptiste Fournier / Julien Minot
+33 (0)1 58 81 55 71 / 54 85 / 37 09

     Find out more about the SUEZ Group on our website and on social media
                     Twitter, Linkedin, YouTube, Instagram

(1) Finexsi concludes in its report that: " we consider that the enterprise
value retained for the sale of the new SUEZ is fair from a financial standpoint
for the shareholders of SUEZ, in the context of the Offer. ". The full
conclusions of the independent expert are available in the website of the
company SUEZ.

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