In E × S' the relation RRx, yR defined by:
"there exist a,b∈E and p,q,s∈S′ such that x=(a,p),y=(b,q) and aqs=bps"
is an equivalence relation compatible with the law on the product monoid E × S'.
It is immediate that R is reflexive and symmetric. Let x=(a,p),y=(b,q) and z=(c,r) be elements of E × S' such that RRx, yR and RRy, zR hold. Then there exist two elements s and t of S' such that
aqs=bps,brt=cqt, whence it follows that
ar(stq)=bpsrt=cp(stq)
and hence R{x,z} holds, for stq belongs to S′. The relation R is therefore transitive.
Further, let x=(a,p),y=(b,q),x′=(a′,p′), and y′=(b′,q′) be elements of E×S′ such that R{x,y} and R{x′,y′} hold. There exist s and s′ in S′ such that
aqs=bps,a′q′s′=b′p′s′, whence it follows that
(aa′)(qq′)(ss′)=(bb′)(pp′)(ss′) and hence
R{xx′,yy′} for
ss′∈S′. The equivalence relation
R is therefore compatible with the law of composition on
E×S′.
The quotient magma (E×S′)/R is a commutative monoid.
Bourbaki puts the proof directly after the statement, so what is above is the statement and its proof together.
Nothing.