OREANDA-NEWS. May 27, 2014. SUEZ ENVIRONNEMENT along with its partner NWS Holdings Limited, through their equally-owned joint venture Sino-French Holdings (Hong Kong) Limited, entered into a share purchase agreement to sell 90% of their indirect stake in Companhia de Electricidade de Macau (“CEM”) to Nam Kwong Development (H.K.) Limited, a wholly-owned subsidiary of Nam Kwong (Group) Company Limited (“Nam Kwong”).

The transaction is subject to some conditions precedent, including amongst others customary approvals.

The aggregate transaction consideration is 612 million US dollars for Sino-French Holdings (Hong Kong) Limited.