SUEZ STRENGHTENS ITS POSITION IN AUSTRALIA THROUGH THE BUYOUT OF SEMBCORP
MINORITY INTEREST IN SEMBSITA PACIFIC PTE LTD
SUEZ and Sembcorp Industries(1) announce today that they have signed an
agreement, which foresees the purchase of Sembcorp 40% stake in Sembsita Pacific
by SUEZ for a consideration of 485 million of Australian dollars.
Since 2000, SUEZ and Sembcorp have developed a successful partnership, which
resulted into a significant growth of SembSita Pacific. With more than 56,000
commercial and industrial clients, and c. 3.7 million inhabitants supplied in
the major cities of the country, it is the leading player in the Australian
market of the waste recovery through advanced resource recovery treatment, and
notably mechanical biological treatment.
This transaction represents for SUEZ an opportunity to accelerate its
development through the full integration of its water, waste and construction
activities in Australia, as SUEZ expects to develop cross-selling and extract
operational synergies in the short-term. It enables Sembcorp to refocus its
investments on core strategic businesses.
This transaction is financially accretive for SUEZ and is compliant with the
selective financial investment criteria followed by the Group.
Jean-Louis Chaussade, CEO of SUEZ said: "This transaction will allow SUEZ to
integrate its whole portfolio of activities in Australia, enabling an
acceleration of growth and business development momentum in a very promising
market. This will also lead to the extraction of both operational and financial
synergies. It illustrates our strategic ability to maximize our value creation
from existing geographical strongholds. Following this acquisition, the
financial flexibility of the Group remains strong and keeps SUEZ ready to seize
new development opportunities. "
The transaction is subject to Foreign Investment Review Board approval in
Australia, and is expected to be completed by the fourth quarter of 2015.
(1) Sembcorp Industries is a leading energy, water and marine group operating
across six continents worldwide with total assets of over S$18 billion and
listed on the main board of the Singapore Exchange.
SUEZ environnement SAS
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-environnement.com
Capital EUR 3,323,457,083 - Siren 410 118 608 RCS NANTERRE -
TVA FR 76410 118 608
29 October 2015: Third Quarter 2015 report (conference call)
We are at the dawn of the resource revolution. In a world facing rapid
demographic growth, urbanisation and a shortage of natural resources, securing,
optimising and renewing resources is essential to our future. SUEZ (Paris: SEV,
Brussels: SEVB) supplies drinking water to 92 million people; delivers
wastewater treatment services to 65 million; collects waste produced by almost
50 million; recovers 14 million tons of waste each year and produces 5,138 GWh
of sustainable energy. With 80,990 employees and a presence on all five
continents, SUEZ is a key player in the circular economy and the sustainable
management of resources. SUEZ generated total revenues of EUR14.3 billion in
This document includes unaudited financial data. The aggregates shown are those
customarily used and disclosed to the markets by SUEZ.
"This communication includes forward-looking information and statements. This
forward-looking information is based on assumptions, financial forecasts,
estimates and statements regarding projects, targets, and expectations for
operations, future products or services or future performances. No guarantee can
be given that these forward-looking factors will be achieved. Investors and
shareholders in SUEZ Environnement Company shares are informed that the
forward-looking information and statements are subject to a number of risks and
uncertainties, which are hard to predict, and usually outside SUEZ Environnement
Company's control, and which may cause the actual results to differ materially
from the results expressed, suggested or predicted by any such forward-looking
information and statements. Such risks specifically include, but are not limited
to, those developed or identified in public documents filed with the French
Financial Markets Authority (AMF). The attention of investors and holders of
SUEZ Environnement Company shares is drawn to the fact that the materialisation
of all or some of these risks is likely to have a material adverse effect on
SUEZ Environnement Company. SUEZ Environnement Company is under no obligation,
and does not commit to publishing alterations or updates to such information and
forward-looking statements under any circumstances. More detailed information
about SUEZ Environnement Company is available on its website
(www.suez-environnement.com). This document does not amount to an offer to sell
or to a solicitation to buy Suez Environnement Company securities in any
This press release is available at www.suez-environnement.com.