SUEZ ENVIRONNEMENT (EPA:SEV) SUEZ completes the acquisition of the non-controlling interests in its Chinese operations SUEZ NWS

Transparency directive : regulatory news

15/11/2021 10:30

press release

Paris, November 15th, 2021, 10:30am CET

SUEZ completes the acquisition of the non-controlling interests in its Chinese
                                 operations

SUEZ NWS

SUEZ announces today that it has completed the acquisition of NWS' (NWS
Holdings Limited) non-controlling stake in SUEZ NWS, in accordance with the
announcement of January 11th, 2021.

Following the acquisition of the 42% stake from NWS, SUEZ now owns 100% of SUEZ
NWS. The final cash consideration for the transaction amounts to EUR468m(1),
implying an Enterprise Value for SUEZ NWS of approximately EUR1.3bn. In 2019,
SUEZ NWS generated an EBITDA of c.EUR161m, and c.EUR97m of Net Income.

SUEZ NWS
In 2017, SUEZ combined all the Group's waste and water activities in mainland
China, Macau, Hong-Kong and Taiwan by establishing a joint-company, SUEZ NWS,
with its historic partner NWS. Since then, SUEZ held a 58% stake in SUEZ NWS
and assumed full management.

With over 70 water and waste contracts in more than 30 cities, operated daily
by 9,000 employees, SUEZ has already been developing for many years its
expertise in Asia with its local partners. As of today, over 25 million people
receive SUEZ water supply services in China, in cities such as Chongqing where
SUEZ NWS is serving 2.2m inhabitants daily and commercial customers and
bringing cutting-edge solutions. In Waste, the Group has also considerably
expanded its presence in the region over the last few years, notably being the
largest waste management supplier in Hong-Kong and operating 7 hazardous waste
treatment facilities in mainland China and Taiwan.

In addition to providing services, SUEZ has always shown a strong commitment to
generate positive social and economic impact notably through solutions
supporting the circular economy and sustainable development priorities.

CONTACTS

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

Analysts/Investors
Cécile Combeau / Baptiste Fournier / Julien Minot
+33 1 58 81 24 05

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.

      Find out more about the SUEZ Group on the website & on social media
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(1) EUR/HKD rate of 8.92 as of November 12th, 2021 applied to the total amount
of HK$4,173m for the transaction

SUEZ
Head office: Tour CB21 ? 16, Place de l'Iris, 92040 Paris La Défense Cedex,
France ? Tel.: +33 1 58 81 20 00 ? www.suez.com
Limited company with capital of 2,557,356,896 euros - SIREN (French business
administration number): 433 466 570 RCS NANTERRE - VAT No.: FR76433 466 570

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SUEZ ENVIRONNEMENT (EPA:SEV) SUEZ completes the acquisition of the non-controlling interests in its Chinese operations SUEZ NWS

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