Davis Polk is advising SUEZ S.A. on its $601 million sale of 20% of SUEZ Water Resources Inc. to PGGM. The transaction is expected to be completed by the first half of 2019, subject to customary regulatory approvals.
SUEZ provides water and waste management solutions that enable cities and industries to optimize their resource management and strengthen their environmental and economic performances, in line with regulatory standards. SUEZ Water Resources is the parent company for all regulated water activities in the United States. PGGM is a leading Dutch pension fund manager.
The Davis Polk corporate team includes partners Jacques Naquet-Radiguet and William H. Aaronson, and associates Cheryl Chan and Dane G. Ferre. Partner William A. Curran and associate Anne E. McGinnis are providing tax advice. Partner Jeffrey P. Crandall and counsel David Mollo-Christensen are providing executive compensation advice. Partner Pritesh P. Shah is providing intellectual property and technology advice. Counsel Betty Moy Huber is providing environmental advice. Members of the Davis Polk team are based in the Paris and New York offices.