SUEZ completes the acquisition of the non-controlling interests in its Chinese operations Suyu
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.