In China, Suez is gaining ground

Suez reinforces its presence and activities in China by becoming the majority shareholder of its partnership with NWS Holdings. Both partners have a common entity cooperating in the fields of water, recycling and recovery in China.

After this transaction, Suez will own 58% of the joint venture which will strengthen its development in mainland China, Hong Kong, Macao and Taiwan, a zone with high-growth potential. This transaction will be carried out first by the Suez’s contribution to Sino-French Holdings (SFH) companies in charge of the activities of Recycling and Recovery and construction businesses in China and, secondly, payment by Suez to SFH a cash balance of approximately € 50 million. Completion of this transaction is expected by the end of 2016.

Through Sino French Holdings, Suez and NWS Holdings will also develop additional commercial and operating synergies. "We are very proud of this high added value operation for our customers in China concluded with NWS Holdings. Over the past 30 years, our partnership policy has enabled us to support an increasing number of local authorities and industrial manufacturers in the implementation solutions adapted to the challenge of climate change and the sustainable management of resources. Through this single entity, we will go further in the environmental transition of China, "said Jean Louis Chaussade, CEO of Suez.