SUEZ ENVIRONNEMENT (EPA:SEV) SUEZ completes the sale of its Recycling and Recovery operations in Sweden

Transparency directive : regulatory news

30/11/2020 17:45

Press release

Paris, 30th November 2020

   SUEZ COMPLETES THE SALE OF ITS RECYCLING & RECOVERY OPERATIONS IN SWEDEN

SUEZ announced today it has completed the sale of its Recycling & Recovery
operations in Sweden to PreZero, the environmental division of Schwarz Group,
in accordance with the announcement of September 21, 2020. The transaction
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 the
area of recyclables.

The sale was completed on the basis of an Enterprise Value of SEK 3,700m1, i.e.
c. EUR 357m(1). The completion of the transaction occurred after receipt of
merger control approval from the European Commission.

The business 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 34m1) in EBITDA in 2019.

This transaction is part of the asset rotation plan deployed in the framework
of SUEZ 2030 strategy, to focus on differentiating, innovative and high
value-added businesses.

J.P. Morgan and Rothschild & Co acted as financial advisors to SUEZ. Baker
McKenzie acted as legal advisor to SUEZ.

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

Press contact:                           Analysts/Investors:
Isabelle Herrier Naufle                  Mathilde Rodié / Cécile Combeau
isabelle.herrier.naufle@suez.com         +33 6 32 13 70 17/ +33 6 32 35 01 46
+33 6 83 54 89 62

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

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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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