22.9.2003: Meldung: Suez Sells Belgian Cable Operator Coditel
This sale is in line with Group strategy of concentrating on its energy and environment businesses.
The operation is subject to various customary conditions precedent.
Coditel is the main cable operator in the Brussels-Capital region and in the city of Luxembourg. Coditel also designs, builds and maintains fibre optic networks across Belgium and the Grand Duchy of Luxembourg in partnerships with international telecommunications operators. A platform of digital services also offers customers high-speed Internet connectivity in addition to cable TV. Coditel has 215 employees.
SUEZ, a worldwide industrial and services Group, active in sustainable development, provides companies, municipalities, and individuals innovative solutions in Energy -- electricity and gas -- and the Environment -- water and waste services. In 2002, SUEZ generated revenues of EUR 40.218 billion (excluding energy trading). SUEZ is listed on the Euronext Paris, Euronext Brussels, Luxembourg, Zurich and New York Stock Exchanges.
This press release is also available on the Internet: http://www.suez.com/ Disclaimer Regarding Forward-Looking Statements
This press release contains certain forward-looking statements, particularly with respect to future events, trends, plans or objectives, such as debt reimbursement maturities, operational profitability resulting in cost reductions level of investments and the impact of the Action Plan and the results. 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 French Commission des Operations de Bourse. The present forward-looking statements are offered as of the date of release, with no undertaking by SUEZ to update or revise them, whether in connection with new information, future events, or any other factor.
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