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Suez SA (SEVI.PA)

SEVI.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Suez Environnement enters into binding agreement to purchase GE Water
Wednesday, 8 Mar 2017 01:20pm EST 

Suez Environnement Company SA : Will acquire along with CDPQ, in a 70/30 joint venture, 100% of GE Water . Enters into binding agreement to purchase GE Water & process technologies (“GE Water”) from General Electric Company for 3.2 billion euros ($3.37 billion) enterprise value in an all‐cash transaction . EPS accretive and positive free cash flow from year one ; double‐digit EPS accretion based on run‐rate cost‐synergies . Has a fully underwritten bridge financing in place for the transaction, contemplated to be refinanced through : a long‐term senior bond for c. 1.1 billion euros . Has a fully underwritten bridge financing in place for the transaction, contemplated to be refinanced through : hybrid bonds for c. 0.6 billion euros . Fully underwritten bridge financing to be refinanced through: capital increase of c. 0.75 billion euros; co main shareholders, confirmed intent to participate in the capital increase for their prorata share . Fully underwritten bridge financing to be refinanced through: c. 0.7 billion euros equity provided by CDPQ . Full benefit of cost and revenue synergies realized by year 5 . By year 5: 65 million euro impact on EBITDA from identified annual run‐rate cost synergies (of which 80 pct achieved in year 3) . By year 5: 200 million euro of revenue synergies per year . By year 5: iplementation costs, spread over 2017‐19, equal to one year of cost synergies.  Full Article

Engie CEO reiterates she is happy with current stake in Suez
Thursday, 2 Mar 2017 04:09am EST 

Engie Sa : Engie cfo says in advanced discussions with a buyer for e&p activities . Engie says confident it can achieve 85 percent of its planned asset sales by the end of 2017 .Engie ceo reiterates she is happy with current stake in suez.  Full Article

Suez CEO says more confident now than at start of 2016
Wednesday, 1 Mar 2017 04:50am EST 

Suez Sa : Suez says knows GE water well, both companies have talked a lot about industrial cooperation in the past - ceo of suez . Suez says sees gradual pickup in european waste volumes . Suez ceo says more confident now than at start of 2016 .Suez shares down 3 percent after company posts 3.6 percent fall in 2016 ebitda.  Full Article

Suez wins contract at Shanghai Industrial Park
Tuesday, 7 Feb 2017 10:27am EST 

Suez Environnement SA : Wins contract for the rehabilitation and expansion of the discharge constructed wetland at the Shanghai Chemical Industry Park (SCIP), largest petrochemical platform in Asia . Construction will begin in mid-2017, and the zone will be launched in 2018 .Contract represents an investment of 18.5 million euros ($19.7 million), is Suez’s first Zone Libellule project in Asia.  Full Article

Suez wins design contract at Shanghai Chemical Industry Park
Tuesday, 7 Feb 2017 04:15am EST 

Suez Environnement : Wins a design contract for the rehabilitation and expansion of the discharge constructed wetland at the Shanghai Chemical Industry Park (SCIP) .Contract which represents an investment of 18.4 million euros ($19.6 million) is Suez's first Zone Libellule project in Asia and the largest for treating industrial wastewater.  Full Article

Suez and Axa sign partnership on urban resilience and territories facing risk of flooding
Tuesday, 24 Jan 2017 04:01am EST 

Suez Environnement :Axa and Suez have entered into a partnership on urban resilience and territories facing the risk of flooding.  Full Article

Suez Environnement enters capital of Rubicon Global
Tuesday, 10 Jan 2017 12:24pm EST 

Suez SA :Accelerates the digitization of its recycling and valorisation activities by entering the capital of Rubicon Global.  Full Article

Engie CEO says positon not under threat, no wrongdoing on tax
Friday, 6 Jan 2017 07:05am EST 

Engie SA CEO Isabelle Kocher speaking at New Year presentation : Engie ceo kocher says realised 50 percent of asset sales plan . Engie ceo kocher says we will take the full three years to execute our asset sales plan, we are not in a hurry . Engie ceo kocher says we have closed or sold 9 gw coal-based generation capacity, of the 15 that we had at the start . Engie ceo kocher says no plans to take over suez . . Engie ceo kocher says it is not our priority today to settle suez issue . Engie ceo kocher says happy with current level of stake in suez . Engie ceo kocher says her positon at engie is not under threat, has full support of board . Engie ceo kocher says engie board upset by all the rumours surrounding the company, that is why it filed complaint with market regulator amf . Engie ceo kocher says luxembourg tax investigation is into luxembourg practices, not engie . Engie ceo kocher says engie is in luxembourg for industrial reasons, not tax reasons, has been there since 1950s, luxembourg tax investigation is into luxembourg practices, not Engie . Engie ceo kocher says we do not have 300 million euros at stake in luxembourg investigation . Engie ceo kocher says we are third party in this investigation . Engie ceo kocher says luxembourg tax investigation not similar at all to apple tax investigation . Engie ceo kocher says engie does not locate activities in other countries just for tax reasons, that is not our policy.  Full Article

Suez and Total partner to recycle cooking oil into biofuel
Tuesday, 6 Dec 2016 03:38am EST 

Suez Environnement : Signature of a 10-year agreement to increase amount of used cooking oil collected by 20 pct and supply La Mède biorefinery in France Further company coverage: [SEVI.PA] (Gdynia Newsroom) ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Suez to improve sanitation network in Panama
Friday, 2 Dec 2016 09:54am EST 

Suez SA : In Panama, Suez accompanies the city of David in improving its sanitation network .Amount of contract is 70 million euros ($74.52 million).  Full Article

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BRIEF-Suez Environnement enters into binding agreement to purchase GE Water

* Will acquire along with CDPQ, in a 70/30 joint venture, 100% of GE Water