SUEZ : Disposal of holding in Distrigas following merger with Gaz
de France : shortlist of three candidates published
In line with the undertakings given to the European Commission by SUEZ and Gaz de France with respect to their proposed merger, SUEZ has initiated a process for the disposal of its holding in Distrigas. A number of high quality proposals have been received.
Following discussions with Gaz de France, offers for its stake in Distrigas from EDF, ENI and EON have been shortlisted.
It is now planned to enter into negotiations with the shortlisted candidates with a view to achieving a definitive agreement with one or other of the candidates.
The decision will be made before the end of June 2008 in line with the undertaking given to the European Commission in order that the disposal can proceed as soon as the merger between SUEZ and Gaz de France is completed.
SUEZ, an international industrial and services Group, designs sustainable and innovative solutions in the management of public utilities as a partner of public authorities, businesses and individuals. The Group aims to answer essential needs in electricity, natural gas, energy services, water and waste management. SUEZ is listed on the Brussels, Luxembourg, Paris and Zurich stock exchanges and is represented in the major international indices: CAC 40, BEL 20, DJ STOXX 50, DJ EURO STOXX 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and ASPI Eurozone. The Group employs 149,000 people worldwide and achieved revenues of €47.5 billion in 2007, 89% of which were generated in Europe and in North America.
Important Information
This document does not constitute an offer to purchase or exchange or the solicitation of an offer to sell or exchange any securities of SUEZ or Gaz de France, nor shall there be any purchase, sale or exchange of securities in any jurisdiction (including the United States, Germany, Italy and Japan) in which such offer, solicitation, purchase or sale or exchange would be unlawful prior to the registration or qualification under the laws of such jurisdiction. The distribution of this communication may, in some countries, be restricted by law or regulation. Accordingly, persons who come into possession of this document should inform themselves of and observe these restrictions. To the fullest extent permitted by applicable law, SUEZ disclaims any responsibility or liability for the violation of such restrictions by any person.
The Gaz de France ordinary shares which would be issued in connection with the proposed business combination set out in this document to holders of SUEZ ordinary shares (including SUEZ ordinary shares represented by SUEZ American Depositary Shares) may not be offered or sold in the United States except pursuant to an effective registration statement under the United States Securities Act of 1933, as amended, or pursuant to a valid exemption from registration.
In connection with the proposed business combination, and as far as necessary, the required information documents will be filed with the Autorité des marchés financiers (“AMF”) and, if applicable, the United States Securities and Exchange Commission (“SEC”).
Forward-looking statements
This document contains forward-looking information and statements. These statements include financial projections, synergies, cost-savings and estimates and their underlying assumptions, statements regarding plans, objectives, savings, expectations and benefits from the transaction and expectations with respect to future operations, products and services, and statements regarding future performance. Although the managements of SUEZ believes that the expectations reflected in such forward-looking statements are reasonable, investors and holders of SUEZ ordinary shares are cautioned that forward-looking information and statements are not guarantees of future performances and are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of SUEZ, that could cause actual results, developments, synergies, savings and benefits from the transaction to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified in the public filings made by SUEZ with the AMF, including those listed under “Facteurs de Risques” in the Document de Référence filed by SUEZ on March 18, 2008. Except as required by applicable law, SUEZ does not undertake any obligation to update any forward-looking information or statements.
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This press release is also available on the Internet: http://www.suez.com