Signing of the purchase agreement to acquire the new SUEZ

Following the put option agreement entered into on 29 June between SUEZ, Veolia and the Consortium of investors consisting of Meridiam, GIP and CDC/CNP Assurances and the completion of the consultation process of the relevant works councils of SUEZ group, Veolia, Suez and the Consortium of investors entered into a purchase agreement with terms and conditions in line with what was announced on 29 June.

For the record, and as indicated on April 11, the new SUEZ thus formed would have revenues of nearly €7 billion, including SUEZ's Water and Recycling & Recovery activities in France, international assets in Italy, Central Europe, Africa (including Morocco), Central Asia, India, China and Australia, as well as global digital and environmental activities, enabling it to maintain its growth prospects and innovation capacities in France and internationally.

It is specified that the completion of the acquisition by the Consortium of the new SUEZ is contemplated at the end of January 2022, subject to the satisfaction of the conditions precedent set forth in the purchase agreement, including the settlement-delivery of the tender offer of Veolia for the shares of SUEZ.

The signing of the purchase agreement has been approved by the Board of Directors of SUEZ held on 21 October, on the basis of inter alia the report prepared by Finexsi, in its capacity as independent expert¹.

¹ Finexsi concludes in its report that: « we consider that the enterprise value retained for the sale of the new SUEZ is fair from a financial standpoint for the shareholders of SUEZ, in the context of the Offer. ». The full conclusions of the independent expert are available in the website of the company SUEZ.