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.€253m1. 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.
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