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