蘇伊士集團(tuán)收購蘇伊士新創(chuàng)建和蘇渝公司大中華業(yè)務(wù)的非控股權(quán)益，
藉此擴(kuò)大在華業(yè)務(wù)布局
l 蘇伊士集團(tuán)宣布與新創(chuàng)建集團(tuán)達(dá)成協(xié)議, 以6.93億歐元收購其在大中華地區(qū)所有共同合作業(yè)務(wù)的非控股權(quán)益
l 收購將增強(qiáng)蘇伊士集團(tuán)在關(guān)鍵增長市場中贏得大型和高附加值項(xiàng)目的能力
l 收購價(jià)格對應(yīng)蘇伊士新創(chuàng)建和蘇渝的企業(yè)價(jià)值估值為17億歐元
l 交易將立即增加經(jīng)常性凈收入和經(jīng)常性自由現(xiàn)金流
l 交易預(yù)計(jì)在2021年第一季度末完成
蘇伊士集團(tuán)今天宣布，與長期的合作伙伴新創(chuàng)建集團(tuán)有限公司（簡稱“新創(chuàng)建集團(tuán)”）簽署協(xié)議，收購新創(chuàng)建集團(tuán)在大中華地區(qū)與其所有共同合作業(yè)務(wù)的非控股權(quán)益。通過此次收購，蘇伊士集團(tuán)將壯大其在大中華地區(qū)的業(yè)務(wù)規(guī)模，并簡化其在大中華地區(qū)的業(yè)務(wù)運(yùn)營架構(gòu)。交易完成后，蘇伊士集團(tuán)將持有蘇伊士新創(chuàng)建和蘇渝兩家公司100％股權(quán)。
強(qiáng)化在大中華地區(qū)這一重要增長市場的業(yè)務(wù)，已是蘇伊士集團(tuán)多年以來的戰(zhàn)略重點(diǎn)。蘇伊士集團(tuán)在大中華地區(qū)的投資，憑借其技術(shù)和聲譽(yù)，特別是其備受認(rèn)可的合作伙伴文化，成為大中華地區(qū)環(huán)境服務(wù)的領(lǐng)導(dǎo)者。蘇伊士集團(tuán)相信憑借其在大中華地區(qū)的規(guī)模以及專利技術(shù)和創(chuàng)新解決方案, 將為其在亞太地區(qū)的業(yè)務(wù)增長帶來巨大潛力。
此次收購符合“塑造蘇伊士2030”戰(zhàn)略計(jì)劃所明確部署的選擇性資本組合輪換目標(biāo)。優(yōu)化的集團(tuán)架構(gòu)將提升集團(tuán)贏得大型和高附加值項(xiàng)目的能力，為利益相關(guān)者創(chuàng)造更大價(jià)值。
交易合計(jì)對價(jià)約為6.93億歐元1。以此對價(jià)收購新創(chuàng)建集團(tuán)持有的非控股權(quán)益的相對應(yīng)蘇伊士新創(chuàng)建和蘇渝企業(yè)價(jià)值估值為17億歐元，其中負(fù)債凈額為1.5億歐元。在2019年，這兩家公司合計(jì)稅息折舊及攤銷前利潤約1.93億歐元以及凈收入約1.13億歐元。該等交易將可增加蘇渝的聯(lián)營公司收入，同時(shí)減少蘇伊士新創(chuàng)建的少數(shù)股東權(quán)益，從而增厚經(jīng)常性凈收入與經(jīng)常性自由現(xiàn)金流。
作為全資擁有的業(yè)務(wù)，蘇伊士在未來幾年加速其收入和利潤增長的能力會被提升。
蘇伊士集團(tuán)首席執(zhí)行官康宇就此交易表示：
“逾40年來，蘇伊士集團(tuán)憑借深厚的合作伙伴文化和特有的技術(shù)專長，在亞洲持續(xù)不斷地開發(fā)出創(chuàng)新且高附加值的解決方案，以支持此地區(qū)的可持續(xù)發(fā)展。
今天，通過收購新創(chuàng)建集團(tuán)在蘇伊士新創(chuàng)建的非控股權(quán)益以及蘇渝的50%間接股權(quán)，蘇伊士集團(tuán)再次堅(jiān)定其在該地區(qū)投資的承諾，與當(dāng)?shù)卣⒅袊约翱鐕髽I(yè)一起，開發(fā)對氣候、自然環(huán)境要素和生活質(zhì)量帶來積極影響的可持續(xù)解決方案。借此, 集團(tuán)繼續(xù)鞏固其在亞洲環(huán)境服務(wù)領(lǐng)域領(lǐng)導(dǎo)者的地位，憑借其專業(yè)知識和技術(shù), 使其贏得高附加值項(xiàng)目的獨(dú)特能力。盡管這是我們與新創(chuàng)建集團(tuán)合作關(guān)系一個(gè)階段的結(jié)束，但我們兩個(gè)集團(tuán)依然有意繼續(xù)探索其他方式的合作。
此次收購標(biāo)志著我們蘇伊士2030戰(zhàn)略的資產(chǎn)輪換計(jì)劃中的又一里程碑。通過增加我們的收益，這將有助蘇伊士集團(tuán)對最具價(jià)值的業(yè)務(wù)和最具增長潛力的地區(qū)進(jìn)一步重新定位。”
蘇伊士新創(chuàng)建
2017年，蘇伊士集團(tuán)將其在中國內(nèi)地和港澳臺的所有水務(wù)和固廢業(yè)務(wù)整合, 并與其長期合作伙伴新創(chuàng)建集團(tuán)成立合作公司蘇伊士新創(chuàng)建。此后, 蘇伊士集團(tuán)持有蘇伊士新創(chuàng)建58％的股權(quán), 并行使全面管理權(quán)。
今天宣布從新創(chuàng)建集團(tuán)收購剩余42％的股權(quán)，是體現(xiàn)蘇伊士集團(tuán)對該地區(qū)長期承諾的新一步。通過此舉措，蘇伊士集團(tuán)致力于亞洲地區(qū)的發(fā)展，并鞏固了在該地區(qū)領(lǐng)先環(huán)保企業(yè)的地位，以把握新機(jī)遇并贏得高附加值項(xiàng)目。
蘇伊士集團(tuán)在亞洲利用其專業(yè)知識與各地合作伙伴共同發(fā)展已有多年，每天旗下9,000名員工在30多個(gè)城市運(yùn)營70多個(gè)水務(wù)和固廢項(xiàng)目。截至今天, 蘇伊士集團(tuán)于中國為超過2,500萬居民提供供水服務(wù)。例如在重慶，蘇伊士新創(chuàng)建每天為220萬居民和工商業(yè)客戶提供先進(jìn)的解決方案。在固廢資源管理方面，集團(tuán)在過去幾年也大大擴(kuò)展了其在該地區(qū)的業(yè)務(wù)，尤其是香港最大的固廢資源管理運(yùn)營商，并在中國內(nèi)地和臺灣運(yùn)營著7座危廢處理設(shè)施。
除了提供服務(wù)之外，蘇伊士集團(tuán)一直致力于對社會和經(jīng)濟(jì)產(chǎn)生積極影響，特別是通過提供支持循環(huán)經(jīng)濟(jì)和可持續(xù)發(fā)展優(yōu)先事項(xiàng)的解決方案。
蘇渝
2015年，蘇伊士集團(tuán)和新創(chuàng)建集團(tuán)通過雙方持股比例為50/50的合作公司蘇渝，與重慶水務(wù)資產(chǎn)公司簽署合作協(xié)議，共同成立德潤環(huán)境。
德潤環(huán)境持有重慶水務(wù)集團(tuán)50.04%的股權(quán)和重慶三峰43.86%的股權(quán)，是中國水務(wù)和固廢綜合業(yè)務(wù)的領(lǐng)先集團(tuán)和投資平臺, 有助大力加速重慶地區(qū)創(chuàng)新解決方案的開放和實(shí)施。
收購新創(chuàng)建集團(tuán)在蘇渝的50％間接股權(quán)后，蘇伊士集團(tuán)將持有德潤環(huán)境25.1％的股權(quán)。通過增加其所有權(quán)，蘇伊士集團(tuán)正加強(qiáng)與重慶水務(wù)資產(chǎn)公司的承諾和合作伙伴關(guān)系，也將與地方政府以及合作伙伴攜手合作，繼續(xù)開發(fā)和實(shí)施先進(jìn)的解決方案，以優(yōu)化對水和污水處理的管理。
該交易須經(jīng)監(jiān)管機(jī)構(gòu)批淮及滿足慣常性交割條件，預(yù)計(jì)將于2021年第一季度完成。
SUEZ expands footprint in China with the acquisition of the non-controlling interests in its Chinese operations SUEZ NWS and Suyu
• SUEZ announces agreement to acquire NWS' non-controlling stakes in all their common businesses in Greater China for c. €693m [1]
• Acquisition will enhance SUEZ’s ability to win large-scale and high value-added contracts in a key growth market
• The purchase price values SUEZ NWS and Suyu at an Enterprise Value of c. €1.7bn
• The transactions will be immediately accretive to Recurring Net Income and Recurring FCF
• Transactions expected to close by the end of Q1 2021 [2]
SUEZ announces today that it has signed agreements with its historic partner NWS Holdings Limited (NWS) to acquire NWS’ non-controlling stakes in all their common businesses in Greater China. Through these acquisitions, SUEZ will enhance its scale in Greater China and simplify the structure of its operations in the region. Upon completion of the transactions, SUEZ will hold 100% of both SUEZ NWS and Suyu.
Enhancing SUEZ’s presence in Greater China, a key growth market, has been a strategic priority for many years. SUEZ’s investments in Greater China, carried out notably through an acknowledge partnership culture, have allowed the Group to emerge as a leader in environmental services in the region based on its technology and reputation. SUEZ believes that there is significant potential to leverage its scale in Greater China and its proprietary technology and innovative solutions to drive growth in Asia-Pacific.
These acquisitions are in line with the selective capital redeployment targets identified in the Shaping SUEZ 2030 strategic plan. The optimized Group structure will enhance the Group’s ability to win large-scale and high value-added contracts and to create more value for its stakeholders.
Consideration for the transactions amounts to approximately c. €693m1. Consideration for NWS’ stakes thus values SUEZ NWS and Suyu at an Enterprise Value of c. €1.7bn, of which c. €150m is net debt. In 2019, the two combined entities generated c.€193m EBITDA and c.€113m Net Income. The transactions will be accretive to Recurring Net Income and recurring FCF from completion, both by increasing the income from associates as regards to Suyu and reducing the minority interests as regards to SUEZ NWS.
As wholly owned businesses, SUEZ’s ability to accelerate growth in revenue and earnings in the coming years is enhanced.
Commenting on the transaction, Bertrand Camus, CEO of SUEZ, said:
“For more than 40 years, SUEZ, with a strong partnership culture and unique know-how, has been developing its innovative and high value-added solutions in Asia to support sustainable urban development in the region.
Today, through the acquisition of NWS' non-controlling shareholding in SUEZ NWS and indirect 50% interest in Suyu, SUEZ reaffirms its commitment in the region to invest and develop, alongside local authorities as well as International and Chinese industries, sustainable solutions with a positive impact on the climate, natural capital and quality of life. With this operation, the Group continues to strengthen its position as a leader in environmental services in Asia whose expertise and technology give it a unique ability to win high value-added contracts. Although this ends one phase of our relationship with NWS, we intend to continue to explore other ways of the two groups working together.
These acquisitions mark yet another landmark in the asset rotation plan of our SUEZ 2030 strategy. Accretive to our earnings, they further reposition SUEZ towards the most value-creating activities and geographies offering strong growth potential.”
SUEZ NWS
In 2017, SUEZ combined all the Group’s waste and water activities in mainland China, Macau, Hong-Kong and Taiwan by establishing a joint-company, SUEZ NWS, with its historic partner NWS. Since then, SUEZ held a 58% stake in SUEZ NWS and assumed full management.
The acquisition of the remaining 42% stake from NWS announced today is a new step in SUEZ’s long-term commitment in the region. Through this operation, SUEZ pursues its development in Asia and reinforces its position as a leading environmental company in the region to seize new opportunities and win high value-added contracts.
With over 70 water and waste contracts in more than 30 cities, operated daily by 9,000 employees, SUEZ has already been developing for many years its expertise in Asia with its local partners. As of today, over 25 million people receive SUEZ water supply services in China, in cities such as Chongqing where SUEZ NWS is serving 2.2m inhabitants daily and commercial customers and bringing cutting-edge solutions. In Waste, the Group has also considerably expanded its presence in the region over the last few years, notably being the largest waste management supplier in Hong-Kong and operating 7 hazardous waste treatment facilities in mainland China and Taiwan.
In addition to providing services, SUEZ has always shown a strong commitment to generate positive social and economic impact notably through solutions supporting the circular economy and sustainable development priorities.
SUYU
In 2015, SUEZ and NWS signed, through their 50/50 joint venture Suyu, an agreement with Chongqing Water Assets to jointly create Derun Environment.
Derun Environment, through its 50.04% shareholding in Chongqing Water Group and 43.86% in Chongqing Sanfeng [3] , is a leading Group in Water and Waste activities in China and an investment platform to significantly speed-up the development and implementation of innovative solutions in the Chongqing area.
Following the acquisition of NWS' indirect 50% stake in Suyu, SUEZ will now own 25.1% of Derun Environment. By increasing its ownership, SUEZ is reinforcing its commitment and partnership with Chongqing Water Assets. SUEZ will continue to develop and implement cutting-edge solutions to optimize water and wastewater treatment management, in partnership with the municipality and its partners.
The transactions, which are expected to close by Q1 2021, are subject to regulatory approval and customary closing conditions.
About SUEZ:
Since the end of the 19th century, SUEZ has built expertise aimed at helping people to constantly improve their quality of life by protecting their health and supporting economic growth. With an active presence on five continents, SUEZ and its 90,000 employees strive to preserve our environment’s natural capital: water, soil, and air. SUEZ provides innovative and resilient solutions in water management, waste recovery, site remediation and air treatment, optimizing municipalities’ and industries’ resource management through “smart” cities and improving their environmental and economic performance. The Group delivers sanitation services to 64 million people and produces 7.1 billion m3 of drinking water. SUEZ is also a contributor to economic growth, with more than 200,000 jobs created directly and indirectly on an annual basis, and a provider of new resources, with 4.2 million tons of secondary raw materials produced. By 2030, the Group is targeting 100% sustainable solutions, with a positive impact on our environment, health and climate. SUEZ generated total revenue of €18.0 billion in 2019.
With a strong presence of 60+ years in South East Asia and 45+ years in Greater China, SUEZ is a preferred partner in helping authorities and industrial clients develop water and waste management solutions that enable cities and industries to optimize their resource management and strengthen their environment and economic performances. With 9,000+ employees and 70+ joint ventures with local partners, the Group has built 600+ water and wastewater plants, with 32+ million people benefiting from our water and waste services. Today, SUEZ is recognized as one of the most influential companies and a service benchmark in leading the region’s environmental industry. We operate China’s first PPP water contract in Macau, one of Asia's largest hazardous waste treatment facilities in Shanghai, as well as a plastic recycling plant in Thailand. It is also a leader in Hong Kong’s waste management industry and delivers environmental services to 21 industrial parks.
Find out more about SUEZ Asia
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蘇伊士
蘇伊士集團(tuán)自19世紀(jì)末以來，不斷積累專業(yè)知識，通過保護(hù)人類健康并支持經(jīng)濟(jì)增長，助力人們持續(xù)提高生活質(zhì)量。蘇伊士及旗下90,000名員工遍布全球五大洲，致力于保護(hù)和修復(fù)我們的自然環(huán)境要素：水、土壤和空氣。在水務(wù)管理、固廢回收再造、土壤修復(fù)和空氣治理等方面，蘇伊士提供富有彈性的創(chuàng)新型解決方案，通過“智慧”城市優(yōu)化市政和各行業(yè)的資源管理，提升其環(huán)境和經(jīng)濟(jì)效益。集團(tuán)向6,400萬人提供環(huán)境服務(wù)，生產(chǎn)飲用水71億立方米。蘇伊士還為經(jīng)濟(jì)發(fā)展做出了積極貢獻(xiàn)，每年直接或間接創(chuàng)造了20多萬個(gè)就業(yè)崗位，作為新資源的提供者，生產(chǎn)了420萬噸再生原料。集團(tuán)的目標(biāo)是在2030年前提供100%的可持續(xù)解決方案，為我們的環(huán)境、健康和氣候帶來積極影響。蘇伊士集團(tuán)2019年的總收入達(dá)180億歐元。
蘇伊士在亞洲
蘇伊士在早于60年前就進(jìn)入東南亞，繼而擴(kuò)展至大中華區(qū)的發(fā)展也逾45年。蘇伊士現(xiàn)已成為各大城市和工商客戶的首選合作伙伴，提供的水務(wù)和固廢管理解決方案，能助其優(yōu)化資源管理，提升其環(huán)境和經(jīng)濟(jì)效益并符合監(jiān)管標(biāo)準(zhǔn)。集團(tuán)旗下逾9,000名員工遍布亞洲各地，合作項(xiàng)目逾70個(gè)，至今已建造了600多座水處理廠和污水處理廠并向逾3,200萬人口提供水務(wù)和固廢資源管理服務(wù)。蘇伊士被公認(rèn)為最具影響力的企業(yè)之一，也是環(huán)境服務(wù)行業(yè)的標(biāo)桿企業(yè)。目前蘇伊士在澳門運(yùn)營著中國水務(wù)行業(yè)的第一個(gè)PPP項(xiàng)目，在上海運(yùn)營著亞洲其中一座最大的危廢處置設(shè)施，同時(shí)在泰國也運(yùn)營著塑料回收再造項(xiàng)目。作為香港固廢處理行業(yè)的領(lǐng)導(dǎo)者，蘇伊士集團(tuán)還向亞洲21個(gè)工業(yè)園區(qū)提供專業(yè)的環(huán)境管理服務(wù)。
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