Suez S.A. (“Suez”) has completed the sale, through an accelerated bookbuilding (ABB) process addressed to institutional investors, of 8,518,596 ordinary shares of Acea S.p.A. (“Acea”), representing approximately 4% of the share capital, at a price of €23 per share, for total proceeds of €196 million. 

Suez is a global leader in water and waste management, with presence across more than 40 countries worldwide. The group provides essential services to local authorities and industrial clients, combining deep infrastructure expertise in the design, construction and operation of water and waste treatment facilities with a leading position in digital and technological solutions for the environmental sector.

Acea is a leading Italian multiutility active in the water, energy, and environmental sectors, playing a key role in the management and development of essential services across the entire value chain. The group is Italy’s largest water operator, serving approximately 10 million people, and is also involved in electricity distribution and retail, power generation, public lighting, and waste management.

Vitale acted as strategic and financial advisor to Suez International, together with Indosuez Corporate Advisory, Vitale’s partner in France within the IMAP network.

Morgan Stanley and UniCredit, together with Kepler Cheuvreux, acted as Joint Global Coordinators and Bookrunners.

€196 million