Press Releases

SUEZ and Sabesp, the water and wastewater management company owned by São Paulo’s State, have signed two new performance contracts to significantly reduce water losses in the capital city’s network. The Group, with local partners, commits to reducing the volume of water lost in the network, enabling to annual savings of approximately 4 000 000 m3 of water. The contracts respectively include investments amounting to €6,9 million in the Sumaré sector and €4,8 million for Ermelino Matarazzo and Jardim Popular sectors.

- SUEZ announces the acquisition of Itochu's 33.4% minority stake in Canaragua, the leading water services operator in the Canary Islands.
- Through this acquisition, the Group strengthens its presence in Spain and leverage its unique technological know-how in the management of full water cycle services.
- The transaction, amounting to c.€37m, values Canaragua at an enterprise value of c.€111m.

The Board of directors of SUEZ today received a letter of intent from Ardian and GIP (Global Infrastructure Partners), which would facilitate the emergence, and in a short time frame, of an amicable solution to the situation created by Veolia’s approach.

Following the court order of October 9, 2020 and the Court of Appeal’s ruling of November 19, 2020 which ordered the suspension of the effects of the sale of SUEZ shares held by ENGIE to VEOLIA, as well as the contemplated takeover bid, VEOLIA filed an action to obtain the amendment of the Court of Appeal’s ruling of November 19, 2020.

Starting on January 15, 2021, SUEZ offers its nearly 30,000 employees in France the opportunity to subscribe to SHARING 2021, its fifth employee shareholding plan.

In line with recent regulatory changes and in a rapidly expanding market, SUEZ is expanding its hazardous waste treatment and recovery capacities in Europe. The Group continues to pursue its role as a major industrial partner in supporting industrials, guaranteeing them safety and regulatory compliance through solutions in favor of the circular economy.

More than 500,000 people served in five NY counties. SUEZ announces that it has completed the acquisition of Heritage Hills Water Works Corporation and the Heritage Hills Sewage Works Corporation in Somers, NY in Westchester County for approximately €7,3 million. The transaction allows SUEZ to welcome 2,700 water customers and 2,900 sewer customers to the service territory. With this acquisition, SUEZ will serve more than 500,000 people through its owned and operated water systems in five New York counties, including 200,000 in Westchester, further expanding its activities in North America.

The Board of Directors of SUEZ acknowledges receipt of the letter published today by Veolia, which aims to set out its project, more than 4 months after its announcement. The Board of Directors of SUEZ has repeatedly requested details to be provided.

Strengthened by their feedback following a five-year partnership, and to address the growing climate emergency, SUEZ and FERMENTALG, a key French player and expert in the research and bio industrial exploitation of micro-algae, have signed a memorandum of understanding for the creation in the first half of 2021 of a joint venture, equally owned, which will develop algae photobioreactors capable of capturing CO₂ by biomimicry. In addition, this major innovation will enable the development of circular loops, notably by producing products that can be used in the fields of biocontrol, nutrition and animal health.