SUEZ ENVIRONNEMENT TOUR CB21
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17 September 2014
SUEZ ENVIRONNEMENT HAS PURCHASED THE 24.14% INTEREST HELD IN AGBAR
FROM LA CAIXA GROUP
LA CAIXA GROUP BECOMES THE SECOND LARGEST SHAREHOLDER IN SUEZ ENVIRONNEMENT
SUEZ ENVIRONNEMENT, in line with the schedule of the deal announced in July
2014, has just purchased the remaining 24.14% stake in AGBAR held by La Caixa
Group, its long-term partner, in exchange for SUEZ ENVIRONNEMENT new shares and
for a cash payment.
SUEZ ENVIRONNEMENT's Board of Directors held on 17th September 2014 confirmed
the valuation of the 24.14% interest in AGBAR, which was based on the report of
the Contributions Auditor, and authorised payment for this contribution in the
form of a reserved capital increase involving the issuance of 22 million new
shares, and a cash payment of EUR298.6 million.
This transaction marks the completion of the first step of the master agreement
signed with La Caixa Group on 17 July 2014, and enables La Caixa Group to become
SUEZ ENVIRONNEMENT's second largest shareholder within a long-term partnership
between both groups.
In accordance with the master agreement, in payment for its contribution, La
Caixa Group received 22 million shares(1) newly issued representing a 4.1%
interest in SUEZ ENVIRONNEMENT, and has expressed its intention to increase its
stake to 7% in the short-term.
According to the master agreement, Isidro Faine, La Caixa Group's
representative, will become a member of SUEZ ENVIRONNEMENT's Board of Directors
once La Caixa Group owns more than 5% of SUEZ ENVIRONNEMENT's shares.
The timetable for the other two transactions included in the master agreement
remains unchanged. These two transactions involve(2):
- the purchase from AGBAR by La Caixa Group of a 15% interest in Aigües de
Barcelona, the company that manages the drinking water and the wastewater
contract for the Barcelona Metropolitan Area;
- the purchase by La Caixa Group of a 14.5% interest in Aguas de Valencia
from SUEZ ENVIRONNEMENT.
SUEZ ENVIRONNEMENT is reinforcing its shareholder structure thanks to this
operation: La Caixa Group, a highly reputable shareholder, is investing in the
Group as part of a long-term commitment. With a lock-up period of 4 years, la
Caixa Group will become the second largest shareholder of the Group.
ABOUT SUEZ ENVIRONNEMENT
Natural resources are not infinite. Every day, SUEZ ENVIRONNEMENT (Paris: SEV,
Brussels: SEVB) and its subsidiaries deal with the challenge of protecting
resources by providing innovative solutions to industries and to millions of
people. SUEZ ENVIRONNEMENT supplies drinking water to 97 million people,
provides wastewater treatment services for 66 million people and collects the
waste produced by 50 million people. SUEZ ENVIRONNEMENT has 79,549 employees
and, with its presence on five continents, is a world leader exclusively
dedicated to water and waste management services. SUEZ ENVIRONNEMENT generated
total revenues of EUR 14.6 billion in 2013.