Group
SUEZ completes the acquisition of the non-controlling interests in its Chinese operations Suyu
SUEZ announces today that it has completed the acquisition of NWS’ (NWS Holdings Limited) 50% indirect stake in Suyu, in accordance with the announcement of January 11th, 2021.
Following the acquisition of the 50% stake from NWS, SUEZ now owns 100% of Suyu. The final cash consideration for the transaction amounts to c.€253m. In 2019, Suyu generated an EBITDA and a Net Income of c.€32m.
SUEZ expects the acquisition to be accretive to recurring Net Income and recurring FCF as soon as 2021.
SUEZ expects the acquisition to be accretive to recurring Net Income and recurring FCF as soon as 2021.