Sole advisor to Criteria on the share exchange agreement of its stake in Agbar for shares in the world’s leader in water and waste management, Suez Environnement.
As a part of the agreement, Criteria CaixaHolding became the second largest shareholder of Suez Environnement after selling its 24.14% stake in Agbar in exchange for 22 MM newly-issued shares of Suez Environnement, representing 4.1% of its share capital, and €299 MM in cash. Criteria intended to allocate part of the cash received to purchase Suez Environnement shares up to 7% of the share capital of Suez Environnement.