Suez to begin trading American Depositary shares on the New York Stock Exchange
SUEZ announced that it has been authorized for the listing on the New York Stock Exchange of its Level II American Depositary Shares. Trading will commence on September 18, 2001 under the symbol 'SZE.'
PARIS, Sept. 5, 2001 — SUEZ today announced that it has been authorized for the listing on the New York Stock Exchange of its Level II American Depositary Shares. Trading will commence on September 18, 2001 under the symbol "SZE." Each ADS will represent one ordinary share.
"As a global company with operations in more than 130 countries, Suez belongs on the New York Stock Exchange. Our listing will enable the Company to expand its U.S. shareholder base and increase its visibility in the U.S. business community," said Gerard Mestrallet, Chairman and Chief Executive Officer. "Our listing also reflects the importance of the U.S. market to our corporate growth strategy."
During the first half of 2001, Suez generated more than 10% of its revenue in North America. Suez is present through Tractebel and its subsidiary Trigen; Ondeo and its subsidiaries United Water, Ondeo Nalco and Ondeo Degremont; and SITA and its subsidiary Teris LLC.
There will be no public offering of shares in connection with this listing.
Suez is a global services Group active in promoting sustainable development and providing global solutions in energy, water and waste services to individuals, businesses and municipalities. With 190,000 employees, Suez generated revenues of EUR 34.6 billion (USD 32.5 billion) in 2000, 49 % of which was outside its domestic markets of France and Belgium.
Information about Suez is available at: www.suez.com