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Suez Environnement Raises Stake in Rome Utility to 12.5%

Suez Environnement, Europe’s second-biggest water company, acquired a 3.95 percent stake in the Rome utility Acea SpA from GDF Suez SA to raise its shareholding to 12.5 percent.

Suez Environnement bought GDF Suez’s entire holding of 8.4 million shares at market value, the Paris-based company said today in a statement. The purchase of the stake, valued at about 75 million euros ($103 million), confirms Suez Environnement’s “commitment to investing in Italy,” it said.