07.21.08, 7:29 AM ET
PARIS (Thomson Financial) - The initial listing price of Suez Environnement shares will be between 14 and 20 euros, Jean-Louis Chaussade, chief executive of the water and waste disposal business, told journalists at the presentation of the company's new logo.
Shareholders of the existing Suez conglomerate will receive 65 percent of the 490 million Suez Environnement shares to be issued when the division is spun off in conjunction with the merger, effective tomorrow, of Suez and Gaz de France.
Andrew Newby; Andrew.Newby@thomsonreuters.com
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Monday, July 21, 2008
Suez Environnement CEO sees listing price at 14 to 20 euros per share
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