Group

SUEZ finalizes the sale of its recycling and waste recovery activities in 4 continental european countries

SUEZ announces the completion of the sale to PreZero, the environmental division of the Schwarz Group, of its Recycling and Recovery activities – excluding plastics recycling and hazardous waste treatment activities – in 4 continental European countries: the Netherlands, Luxembourg, Germany, and Poland. The transaction values the divested businesses at €1,100 million (Enterprise Value)1.

The closing of this transaction follows consultation with the employee representative bodies and the approval of the competition authorities on 14 April 2021.

In these four countries, the activities sold to PreZero cover the entire waste recycling and recovery value chain, from collection to sorting, including the processing and treatment of a wide variety of waste (wood, glass, paper, metal, etc.). The divested businesses operate a total of 125 sites and employ more than 6,700 employees. In 2019, these activities generated revenues of approximately €1,110 million and adjusted EBITDA2 of approximately €100 million.


1 Excluding IFRS 16 debt of €141m
2 Excluding the impact of IFRS 16 of €31m on EBITDA

Contacts

Press: Isabelle Herrier Naufle
isabelle.herrier.naufle@suez.com +33 1 58 81 55 62
Analysts & Investors: Cécile Combeau - Baptiste Fournier - Julien Minot
+33 1 58 81 24 05