# NWS Holdings and SUEZ restructure joint venture to expand environmental portfolio

NWS Holdings and SUEZ agreed to restructure their 50/50 joint venture Sino-French Holdings (Hong Kong) Limited, expanding its business portfolio from 35 to 59 projects in water, wastewater and waste treatment across Greater China. The net asset value will increase from HK$4.5 billion to approximately HK$8 billion.

- Type: Partnership
- Announced: 2016-11-02
- Where: Hong Kong, Mainland China, Macau, Taiwan, Hong Kong SAR China
- Value: $1.03B (8.00B HKD)
- Status: announced
- Products: water treatment, wastewater treatment, waste treatment, engineering and procurement services
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Sino-French Holdings (Hong Kong) Limited](https://endata.com/companies/19879.md)
- [Suez](https://endata.com/companies/1259.md) (partner)
- [NWS Holdings](https://endata.com/companies/12281.md) (partner)

## Sources

- [ctfs.com.hk](https://www.ctfs.com.hk/media-hub/press-releases/2016/nws-holdings-expands-environmental-portfolio-across-greater-china-through-a-hk8-billion-partnership), 2016-11-02: "The expanded cooperation with our long-term partner SUEZ underpins the Group's strategy of driving full range of environmental businesses across a wider geographical footprint."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.