SUEZ has agreed with AMP Capital, UniSuper and Macquarie Prism to dispose of 4.8% of its stake in AquaSure, Victorian Desalination Plant (VDP) public-private partnership project in Australia, for a cash consideration of c.AU$76m. The disposal is expected to complete in Q3 2020. After completion, SUEZ remaining shareholding in AquaSure will be 6.9%. Going forward, the Group will continue to focus on providing water services to Australia’s populations and industry.
This transaction is in line with Shaping SUEZ 2030 strategic plan whereby the Group is redirecting capital around businesses fitting its selective growth strategy.
SUEZ focuses its investments on differentiating and high value-added projects such as its majority interest in Watersure, the Joint Venture it has formed with Ventia and which has been contracted by AquaSure to operate and maintain the Victorian Desalination Plant until 2039. Accordingly, the Group remains fully dedicated to ensuring that the Victorian Desalination Plant benefits from its technical and operational expertise in the production and delivery of desalinated water.