Sept 21 (Reuters) - Suez Environnement Company SA SEVI.PA :
* Strengthens its position in Australia through the buyout of Sembcorp 40 percent minority interest in Sembsita Pacific PTE LTD
* Purchase consideration is A$485 million ($347.8 million)
* Transaction is subject to foreign investment review board approval in Australia and expected to be completed by the fourth quarter of 2015
Source text: http://bit.ly/1j1NIox Further company coverage: SEVI.PA ($1 = 1.3945 Australian dollars) (Gdynia Newsroom)