SUEZ (Paris, France) and PreZero, the environmental division of Schwarz Group, have signed an agreement to enter into exclusive negotiations for the sale of SUEZ Recycling & Recovery operations – excluding plastic recycling and hazardous waste treatment activities – in four continental Europe countries: the Netherlands, Luxembourg, Germany and Poland.
The companies have also entered into a memorandum of understanding (MoU) to explore possibilities to develop strategic partnerships promoting innovative waste management solutions to accelerate the development of the circular economy in Europe.
Furthermore, SUEZ, through its subsidiary Aguas Andinas S.A., has agreed with Algonquin Power & Utilities Corp (APUC) to dispose its entire stake of 53.51% in Empresa de Servicios Sanitarios de Los Lagos S.A. (ESSAL) as part of a takeover bid.
This disposal is in line with Shaping SUEZ 2030 strategic plan whereby the Group is redirecting capital around businesses fitting its selective growth strategy.
ESSAL provides services for the production and distribution of drinking water, as well as wastewater collection and treatment in Chile.