SUEZ ENVIRONNEMENT, the global leader dedicated to water and waste businesses, today celebrated its listing and first day of trading on two of NYSE Euronext’s European markets: Paris and Brussels, following its spin-off as part of the GDF SUEZ merger. It will trade under the ticker symbol « SEV » for Paris and « SEVB » for Brussels.
A total of 489,699,060 shares of the company were admitted to trading on Euronext Paris and Euronext Brussels, at an opening price of €17 per share.
"The listing of SUEZ ENVIRONNEMENT marks the advent of the leading pure player in water and waste businesses" said Jean-Louis Chaussade, Chief Executive Officer of SUEZ ENVIRONNEMENT. "SUEZ ENVIRONNEMENT manages sustainable and profitable growth in promising environmental markets. Its activities are at the core of the major issues of the 21st century. SUEZ ENVIRONNEMENT will benefit from the visibility of the financial markets to accelerate its value creation".
"We are very pleased to welcome SUEZ ENVIRONNEMENT on to NYSE Euronext European’s markets and look forward to a beneficial and lasting partnership, providing the Company and its shareholders with the highest levels of service, liquidity and brand visibility associated with listing on NYSE Euronext markets." said Jean-François Théodore, Deputy CEO, NYSE Euronext. He went on to add: "This new listing strengthens our leadership position in the Cleantech sector."
Bruno Colmant, CEO of Euronext Brussels said: "We warmly welcome the listing on Euronext Brussels of SUEZ ENVIRONNEMENT which aims to be a reference in both water and waste services, two of the world’s fast growing sectors."
NYSE Euronext and the Cleantech Sector
Clean Technology, or Cleantech, refers to any products, services or process that optimize the use of natural resources while reducing environmental impact. Cleantech mainly covers four sectors: energy, transportation, water and materials. It comprises a wide range of sectors and industries (from solar power systems to sugar cane-based polyethylene).
NYSE Euronext is a leader in the Cleantech sector. NYSE lists numerous Cleantech companies such as: Suntech Power Holdings Co, Ltd.; Waste Management Inc. or Veolia Environnement, a dual listing with Euronext Paris, etc.
On NYSE Euronext European markets, there are 48 listed Cleantech companies (17 on Euronext, 8 on Alternext and 23 on the Free Market), representing an approximate total market capitalization of €39 billion. These include companies such as: EDF Energies Nouvelles, Séchilienne-Sidec, Theolia, Aurea, 4Energy Invest, Air Energy, Vergnet, H2O Innovation, etc.
Earlier this year EDP Renovaveis (renewable energy) listed on Euronext Lisbon with a market capitalization of €8 billion.
This listing is the 43rd to take place on NYSE Euronext’s European markets and the 15th on Euronext since the beginning of this year.