Group
|Oceania

SUEZ strenghtens its position in Australia through the buyout of Sembcorp minority interest in Sembsita Pacific PTE LTD

SUEZ and Sembcorp Industries 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.