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July 15th, 2014
SUEZ ENVIRONNEMENT CLOSES THE SALE OF ITS INTEREST IN COMPANHIA DE
ELECTRICIDADE DE MACAU (CEM) AND RECORDS A PROFIT ON DISPOSAL OF EUR129 MILLION
SUEZ ENVIRONNEMENT announces that Sino-French Holdings(1) (Hong Kong) Limited
("SFH") has successfully completed the sale of 90% of its indirect stake in
Companhia de Electricidade de Macau ("CEM") to Nam Kwong Group.
The aggregate transaction consideration is 612 million US dollars for SFH; this
attractive price is the testimony of the quality of this asset; it generates a
capital gain of EUR129 million in SUEZ ENVIRONNEMENT first semester consolidated
SUEZ ENVIRONNEMENT will remain active in Macau in its two core businesses, water
and waste management, through Macao Water Company and SITA Waste Services, where
it generates EUR70 million of managed revenues. The Group also keeps on actively
developing its activities in Hong Kong and mainland China through its
subsidiaries Sino-French Holdings (Hong Kong) Limited, SITA Waste Services and
Degrémont. Indeed, the Group serves 15 million people through 33 joint ventures
in approximately twenty Chinese cities. In 2013, the managed revenues generated
by SUEZ ENVIRONNEMENT in Greater China reached EUR1.4 billion.
SUEZ ENVIRONNEMENT shall continue to pursue its long term strategy of focusing
on water and waste management, its core environmental activities, as well as
seizing new development opportunities, notably in China, while keeping a
balanced portfolio in terms of businesses and geographies.
Natural resources are not infinite. Each 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 92 million people,
provides waste water treatment services for 65 million people and collects the
waste produced by 52 million people. SUEZ ENVIRONNEMENT has 79,219 employees
and, has a presence in five continents. In 2013, SUEZ ENVIRONNEMENT posted
revenues of EUR14.6 billion.
This press release is also available at www.suez-environnement.com
(1) SFH is an equally-owned joint venture of SUEZ ENVIRONNEMENT (50%), with New
(2) SFH being consolidated by SUEZ ENVIRONNEMENT under equity method, its Net
Result Group Share is included in the Group EBITDA, EBIT and Net Result
according to IFRS 10 and 11 rules and Group aggregates definitions.