Suez: towards a stake in Terrial
(CercleFinance.com) - Suez and Avril have announced an alliance in the field of manufacturing and marketing fertilizers and organic amendments for fertilization and soil structuring, by which Suez will take a stake in the capital of Terrial, a subsidiary of April.
In this agreement and subject to agreement from the competition authorities, the community services group will therefore take 32% of this company's capital by contributing its compost activities, and will have the possibility of increasing it to 50% later.
Operational from the first half of 2019, the new joint venture is expected to enable Terrial to supply nearly one million tonnes of organic fertilizers on the French market within five years. It will present its new range by the summer.
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In this agreement and subject to agreement from the competition authorities, the community services group will therefore take 32% of this company's capital by contributing its compost activities, and will have the possibility of increasing it to 50% later.
Operational from the first half of 2019, the new joint venture is expected to enable Terrial to supply nearly one million tonnes of organic fertilizers on the French market within five years. It will present its new range by the summer.
Copyright (c) 2019 CercleFinance.com. All rights reserved.