Deals
Suez Prepares $3.4 Billion Sale of Waste Collection Unit
- Utility working with advisers on Germany, Benelux disposal
- Suez also kicks off sale of Nordic waste treatment unit
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Suez SA is making preparations for a sale of its continental Europe waste management businesses, which could fetch as much as 3 billion euros ($3.4 billion) and rank as the French utility’s biggest-ever divestment, people familiar with the matter said.
The utility is working with advisers on the potential disposal, which includes operations in Germany and the Benelux countries, the people said. Suez could start inviting bids in the second half of the year, one of the people said, asking not to be identified as the matter is private.