Sell-side advisory

Sole advisor to Criteria on the exchange of shares between Agbar and Suez Environnement

AZ Capital has advised Criteria on the share exchange agreement of its stake in Agbar for shares in the world’s leader in water and waste management, Suez Environnement.

As a part of the agreement, Criteria CaixaHolding became the second largest shareholder of Suez Environnement after selling its 24,14% stake in Agbar in exchange for 22 MM newly-issued shares of Suez Environnement, representing 4,1% of its share capital, and €299 MM in cash. Criteria intended to allocate part of the cash received to purchase Suez Environnement shares up to 7% of the share capital of Suez Environnement.

Sector: Energy and Utilities