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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 announces success of capital increase of c. EUR 750 mln
Monday, 22 May 2017 11:58am EDT 

May 22 (Reuters) - SUEZ ENVIRONNEMENT :SUEZ ANNOUNCES SUCCESS OF ITS CAPITAL INCREASE OF APPROXIMATELY EUR 750 MILLION.ANNOUNCES SUCCESS OF ITS CAPITAL INCREASE OF APPROXIMATELY EUR 750 MILLION.  Full Article

Suez Environnement announces subscription price of 15.80 euros per new share
Wednesday, 17 May 2017 01:52am EDT 

May 17 (Reuters) - SUEZ ENVIRONNEMENT ::ANNOUNCES THE SUBSCRIPTION PRICE FOR ITS APPROXIMATELY €750 MILLION CAPITAL INCREASE FOLLOWING THE PRICING OF THE PRIVATE PLACEMENT.SUBSCRIPTION PRICE HAS BEEN SET AT €15.80 PER NEW SHARE, REPRESENTING A 2.8% DISCOUNT TO THE CLOSING PRICE AS OF 16 MAY 2017.CAPITAL INCREASE WILL LEAD TO THE ISSUANCE OF 47,468,354 NEW SHARES.  Full Article

Suez Environnement launches capital increase for about 750 million euros
Tuesday, 16 May 2017 12:13pm EDT 

May 16 (Reuters) - SUEZ ENVIRONNEMENT ::SUEZ LAUNCHES A CAPITAL INCREASE FOR AN AMOUNT OF APPROXIMATELY €750 MILLION AS PART OF THE FINANCING OF THE ACQUISITION OF GE WATER.CAPITAL INCREASE WITHOUT SHAREHOLDERS’ PREFERENTIAL SUBSCRIPTION RIGHTS AND WITH A PRIORITY SUBSCRIPTION PERIOD ON AN IRREDUCIBLE BASIS GRANTED TO EXISTING SHAREHOLDERS.SUBSCRIPTION PRICE OF THE NEW SHARES WILL BE EQUAL TO THE PRIVATE PLACEMENT SUBSCRIPTION PRICE OF NEW SHARES AND WILL BE SET BETWEEN €15.76 AND €16.01 PER SHARE.CAPITAL INCREASE HAS 3-DAY PRIORITY SUBSCRIPTION PERIOD ON AN IRREDUCIBLE BASIS GRANTED TO EXISTING SHAREHOLDERS.  Full Article

Suez says strong Q1 trend continued in April
Wednesday, 10 May 2017 01:45am EDT 

May 10 (Reuters) - Suez Sa :Suez cfo cros says q1 waste volumes are up in line with recovery of industrial production.Suez cfo cros says that in april the trend seen in q1 continued.Suez cfo cros says firm still targets 150 million euros of cost cuts this year.Suez cfo cros says suez says not planning asset sales to finance ge water deal.Suez cfo cros says ge water results in q1 are in line with the business plan that was presented to us.  Full Article

Solvay and Suez form partnership on Chinese waste water treatment
Tuesday, 11 Apr 2017 01:42am EDT 

Suez /Solvay : Solvay’s Peroxides Global Business Unit (GBU) and SUEZ China have decided to combine their expertise and technologies in the industrial wastewater treatment market in order to provide a broad 'one-stop' solution to customers in Greater China, companies say in joint statement . Companies say the partnership could be extended within Asia and beyond as the need for sustainable solutions to the effective treatment of wastewater effluent is growing strongly around the world Further company coverage: [SEVI.PA] [SOLB.BR] ((sudip.kargupta@thomsonreuters.com;)).  Full Article

Suez places hybrid bonds for a total amount of 600 million euros
Tuesday, 11 Apr 2017 01:35am EDT 

Suez SA : Said on Monday it placed hybrid bonds for a total amount of 600 million euros ($635.04 million) in connection with the financing of GE Water acquisition . The new hybrid bonds have an initial fixed coupon of 2.875 pct, which will be revised for the first time seven years after issuance on the basis of the 5‐year swap rate, and then, every five years .The bonds are accounted for as 100 pct equity under IFRS standards and as 50 pct equity by the rating agency Moody’s.  Full Article

Suez says successfully placed 1.2 bln euros to finance GE Water acquisition
Monday, 27 Mar 2017 02:34pm EDT 

Suez :France's Suez said on Monday that following an announcement on March 8th of a project to acquire GE Water & Process Technologies together with Caisse de dépôt et placement du Québec, it has successfully priced an offering of 1.2 billion euros ($1.30 billion) in senior unsecured notes that constitutes the first step in refinancing the acquisition..  Full Article

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

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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