Successful IPO for LYDEC in Casablanca: Suez is a 51% Stockholder
July 25 2005 - 5:11AM
PR Newswire (US)
Successful IPO for LYDEC in Casablanca: Suez is a 51% Stockholder
PARIS, July 25 /PRNewswire-FirstCall/ -- The Lyonnaise des Eaux de
Casablanca (LYDEC) water utility, the first outsourced management
of public services in Morocco, was successfully listed on the stock
exchange on July 18. Suez now holds 51% of the company's capital,
alongside institutional investors and Morocco's general public.
More than 14 000 new stockholders, including 1 919 LYDEC employees,
have joined Suez and its leading Moroccan institutional
stockholders, RMA Watanya and Fipar Holding (CDG group). Nearly 80%
of subscribers come from Casablanca and more than 60% are investing
in the stock exchange for the first time. As soon as trading
started on the Casablanca Stock Exchange on July 18, 2005, LYDEC
stock registered a high level of demand and the value was reserved
upwards. As far as Suez's CEO Gerard Mestrallet is concerned:
"LYDEC, the world's first experience of a private company
simultaneously managing water, electricity and waste water
services, has been listed on the Casablanca Stock Exchange. The
successful local subscription bears testament to the company's
reputation among the general public and the country's economic and
financial community. It also represents a token of trust in its
development." This IPO strengthens the company's position in its
economic and social environment, while the Group keeps its control.
It fosters closer ties with the company's partners and customers.
It also illustrates the new policy for direct action taken by the
Group, which draws on local partnerships and financing as part of
its development, thereby combining optimized capital management and
a secure territorial foothold. Today, LYDEC is recognized for its
skills and track record on both a local and international level.
The company has been ISO 9001 certified since January 2005 for all
its activities. It is also the first Moroccan company to be rated
by Vigeo, the European social rating agency. Full information about
LYDEC at http://www.suez.com/ Suez, an international industrial and
services Group, designs sustainable and innovative solutions in the
management of public utilities as a partner of public authorities,
businesses and individuals. The Group aims to answer essential
needs in electricity, gas, energy services, water and waste
management. Suez is listed on the Brussels, Luxembourg, Paris, New
York and Zurich stock exchanges and is represented in the main
international indices: CAC 40, DJ STOXX 50, DJ EURO STOXX 50,
Euronext 100, FTSE Eurotop 100, MSCI Europe and ASPI Eurozone. The
Group employs 160,700 people worldwide and achieved revenues of
EUR40.7 billion in 2004, 89% of which were generated in Europe and
in North America. Disclaimer This press release contains certain
forward-looking statements, particularly with respect to future
events, trends, plans or objectives. These statements are based on
management's current views and assumptions and involve a number of
risks and uncertainties which may lead to a significant difference
between actual results and those suggested either explicitly or
implicitly in these statements (or suggested by past results).
Additional information about these risks and uncertainties appears
in documents filed by Suez with the U.S. Securities and Exchange
Commission and the Autorite des Marches Financiers (French
securities regulator). The present forward-looking statements are
made as of the date of the present release, with no undertaking by
Suez to update or revise them, whether in connection with new
information, future events, or any other factor. Press contacts:
Financial analyst contacts: France: Catherine Guillon:
+33-1-4006-6715 Arnaud Erbin: +33-1-4006-6489 Caroline Lambrinidis:
+33-1-4006-6654 Bertrand Haas: +331-4006-6609 Antoine Lenoir:
+33-1-4006-6650 Eleonore de Larboust:+331-4006-1753 Belgium: Guy
Dellicour: +322-370-34-05 This release is also available on the
Internet: http://www.suez.com/ DATASOURCE: Suez CONTACT: Press
contacts: France: Catherine Guillon: +33-1-4006-6715, Caroline
Lambrinidis: +33-1-4006-6654, Antoine Lenoir: +33-1-4006-6650,
Belgium: Guy Dellicour: +32-2-370-34-05, Financial analyst
contacts: Arnaud Erbin: +331-4006-6489, Bertrand Haas:
+331-4006-6609, Eleonore de Larboust: +331-4006-1753
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