Suez raises €750m via block and clawback for GE Water takeover
Suez Environnement, the French water and waste company, launched a €750m capital increase this week, to partly finance its €2.55bn contribution to the takeover of GE Water, in partnership with Caisse de dépôt et placement du Québec.
The deal involves a block trade, conducted on Tuesday night, a clawback right for existing shareholders, and a public offer to French retail investors.
Morgan Stanley and Société Générale are global coordinators, Citigroup, Crédit Agricole, and HSBC bookrunners.Of the €750m to be raised, around €314m has been ...
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