Suez raises €750m via block and clawback for GE Water takeover

By Aidan Gregory
18 May 2017

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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.