Veolia, Suez and the consortium of investors formed by Meridiam, GIP and CDC/CNP Assurances has entered into a purchase agreement to acquire the new Suez. The acquisition will be finalized according to terms and conditions, which were announced on June 29.

This announcement follows the put option agreement, that was entered into on June 29 between SUEZ, Veolia and the consortium and the completion of the consultation process of the relevant works. The newly formed SUEZ will have revenues of about EUR7 billion (US$8.09 billion), including SUEZ's Water and Recycling & Recovery activities in France, international assets in Italy, Central Europe, Africa, Asia, and Australia. In addition, it also covers global digital and environmental activities.

The completion of the acquisition by the consortium of the new SUEZ will take place at the end of January 2022, subject to the satisfaction of the conditions precedent set forth in the purchase agreement.