PreZero International GmbH entered into an exclusivity agreement to acquire the Recycling and Waste Recovery Activities in Sweden of Suez SA (ENXTPA:SEV) for SEK 3.7 billion on September 21, 2020. The transaction consideration includes debt. The assets reported sales of SEK 2.6 billion and EBITDA of approximately SEK 360 million in 2019. The transaction is expected to be completed by end 2020, subject to regulatory approval and customary closing conditions. As on September 22, 2020, the transaction is expected to close in the first quarter of 2021, subject to consultation with employee representative bodies and customary conditions precedent. On October 22, 2020, the European Commission received notification of the transaction. The transaction was approved by the European Commission on November 18, 2020.

Gregor Barbers, Gerald Reger, Maurice Séché, Carsten Heinz, Benjamin Jahn, Christian Alexander Mayer, Franziska Carolina Nebollieff, Natalie Oei, Falk Osterloh, Michael Reiling, Christoph Rieken, Eckhart Schleifenbaum, Martin Schorn, Stefan Schwab. Ulrike Sommer, Thomas Thalhofer and Susanne Rummel of Noerr LLP acted as legal advisor to Schwarz Group, parent of PreZero International GmbH. Ludomir Biedecki and Wojciech Wasowicz of Noerr Biedecki sp.k. acted as legal advisor to PreZero International GmbH. Margaretha Wilkenhuysen, Vincent Wellens, Antoine Laniez, Caroline Notté, David Al Mari, Marierose Schwarz, Nathalie Zurel and Caroline Notté of NautaDutilh Avocats Luxembourg acted as legal advisor to PreZero International GmbH. Jaap Stoop, Harm van Schaijk, Arjan Koorevaar, Naomi Asscheman and Jasmijn van Koetsveld of NautaDutilh N.V. acted as legal advisor to PreZero International GmbH. Karl Hepp de Sevelinge, Michael Samol, Ruben Koslar and Perrine Fuchs of Jeantet & Associés legal advisor PreZero International GmbH. Jürgen Scheidsteger of PricewaterhouseCoopers AG Wirtschaftsprüfungsgesellschaft acted as accountant to PreZero International GmbH. J.P. Morgan and Grégoire Chertok, Frank Cygler, Emmanuel Guillemet and Peter Wikström of Rothschild & Co SCA (ENXTPA:ROTH) acted as financial advisors to SUEZ. Audrey Bontemps, Charlotte Breuvart and Laurent de Muyter of Jones Day acted as legal advisor to Suez SA. KPMG Corporate Finance acted financial advisor and due diligence provider to Schwarz Beteiligungs-GmbH, parent of PreZero International GmbH. Anders Fast of Baker & McKenzie Advokatbyrå KB and Mike Webster of Baker & Mckenzie LLP, London acted as legal advisors for Suez SA.

PreZero International GmbH completed the acquisition of Recycling and Waste Recovery Activities in Sweden of Suez SA (ENXTPA:SEV) on November 30, 2020.