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SUEZ completes the acquisition of the non-controlling interests in its Chinese operations Suyu

  • SUEZ completes the acquisition of the non-controlling interests in its Chinese operations Suyu

About the entity

As an expert in water and waste for 150 years that is present on the 5 continents, SUEZ harnesses all its capacity for innovation to work for the efficient and sustainable management of resources.


SUEZ has announced that it has completed the acquisition of NWS’ (NWS Holdings Limited) 50% indirect stake in Suyu, in accordance with the announcement of January 11th, 2021.

Following the acquisition of the 50% stake from NWS, SUEZ now owns 100% of Suyu. The final cash consideration for the transaction amounts to c.€253m. In 2019, Suyu generated an EBITDA and a Net Income of c.€32m.

SUEZ expects the acquisition to be accretive to recurring Net Income and recurring FCF as soon as 2021.


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, 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.

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