SUEZ expands footprint in China

Jan. 12, 2021

SUEZ recently signed agreements with its partner NWS Holdings Limited (NWS) to acquire NWS' non-controlling stakes in all their common businesses in greater China. Through these acquisitions, SUEZ will enhance its scale in greater China and simplify the structure of its operations in the region.

Upon completion of the transactions, SUEZ will hold 100% of both SUEZ NWS and Suyu.

Consideration for the transactions amounts to approximately $844 million. Consideration for NWS' stakes thus values SUEZ NWS and Suyu at an enterprise value of $2 billion, of which $182 million is net debt.

Commenting on the transaction, Bertrand Camus, CEO of SUEZ, said, "For more than 40 years, SUEZ, with a strong partnership culture and unique know-how, has been developing its innovative and high value-added solutions in Asia to support sustainable urban development in the region.

About SUEZ:

With an active presence on five continents, SUEZ and its 90,000 employees provide 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. 

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