SUEZ has instructed Olympia Transfer Services Inc., the depositary under the Offer, to take up and pay for validly deposited Shares. Following such take up and payment, SUEZ will own 100% of the outstanding Ventus Shares on a fully diluted basis.
SUEZ announced the Offer on August 10, 2007 and mailed a take-over bid circular to the securityholders of Ventus on August 13, 2007. The Offer expired at 5:00 p.m. (Toronto time) on September 19, 2007.
This release confirms that all of the terms and conditions of the Offer have been complied with or waived and that SUEZ is taking up and paying for 26,731,156 Ventus Shares pursuant to the Offer. This release does not constitute an offer to purchase or a solicitation of an offer to sell securities.
<< About SUEZ Energy North America >>
Based in Houston, SUEZ Energy North America, Inc. is the business unit of SUEZ Energy International responsible for managing SUEZ positions within the energy value chain in the United States, Mexico, and Canada, including electricity generation and cogeneration, natural gas and liquefied natural gas (LNG), asset-based trading and origination, and retail energy sales and related services to commercial and industrial customers.
SUEZ Energy North America owns and/or operates a total of 45 power, cogeneration, steam, and chilled-water facilities, including those in construction or development, representing a capacity of more than 5,538 MW of electricity generation, 6.4 million pounds per hour of steam, and 61,749 tons per hour of chilled water. SUEZ Energy North America's wholly owned subsidiary, Distrigas of Massachusetts, owns and operates a liquefied natural gas receiving terminal in Everett, Mass., which began operations in 1971 and currently serves most of the gas utilities in New England and key power producers, meeting approximately 20 percent of New England's annual gas demand. In addition, SUEZ Energy North America has two LNG deepwater port projects under development off the coasts of Massachusetts and Florida. SUEZ Energy International is a business line of SUEZ (NYSE: SZE), which is an international industrial and services Group that employs 140,000 people worldwide.
For more information about these companies and their activities, please visit the following Web sites:
<< SUEZ: http://www.suez.com SUEZ Energy Internacional: http://www.suezenergyint.com SUEZ Energy North America: http://www.suezenergyna.com >>
SOURCE: SUEZ Energy North America, Inc.
Julie Vitek, SUEZ Energy North America, +1-617-526-8334, Julie.vitek@suezenergyna.com, or Katja Damman, SUEZ Energy Internacional, 32 2 510 70 69, Katja.damman@suezenergyint.com, or Arnaud Erbin, SUEZ Investor Relations, 33 1 4006 6489, arnaud.erbin@suez.com, all of SUEZ Energy North America Web Site: http://www.suez.com http://www.suezenergyint.com http://www.suezenergyna.com
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