Veolia Environnement Stock Price, News & Analysis

Veolia Environnement reported the latest figures regarding its share capital as of December 31, 2022. The total number of shares forming the share capital stands at 714,574,367. The company has 732,391,335 theoretical voting rights, with 719,772,165 voting rights that may be exercised. These numbers include provisions for double voting rights and treasury shares. This information aligns with Article L. 238-8-II of the French commercial Code and AMF regulations, reinforcing corporate governance and transparency.

Veolia reaffirms its commitment to assisting families facing financial hardships due to the ongoing COVID-19 health crisis and inflation, allocating over $9 million to alleviate water and wastewater bills. In 2022 alone, the company aided in reducing payments by $2.5 million through LIHWAP and forgave $6.8 million in arrears for eligible customers. Additionally, the Veolia Cares program has provided nearly $50,000 in temporary assistance. These initiatives are expected to total nearly $10 million by year-end.

Veolia has successfully completed the sale of 100% of the share capital of Suez Recycling and Recovery UK Group Holdings Ltd to Suez, following antitrust remedies mandated by the UK Competition and Markets Authority. The sale generated proceeds of £2 billion, reflecting a valuation of 16.9 times normalized EBITDA for 2021, contributing to a total of approximately €3.4 billion from antitrust divestments. This deal will notably reduce Veolia's debt and enhance its investment capacity while maintaining its status as the leading player in the UK's solid waste management market, with revenues of around £1.8 billion.

Veolia Environnement reported its share capital standing at 700,571,716 shares as of November 30, 2022. The total theoretical voting rights are 715,306,954, with 702,687,680 voting rights available for exercise. The company also introduced a reporting obligation clause for crossing shareholding thresholds, enhancing transparency in shareholding changes.

Veolia has successfully finalized the sale of assets as part of antitrust measures with the European Commission following its merger with Suez. The total enterprise value of the sold assets is approximately €920 million, which will aid in debt reduction and support the company's growth initiatives. The asset sales include hazardous waste operations in France to Suez, mobile water treatment services in Europe to Saur, and industrial water treatment services in France to Séché Environnement.

Veolia Environnement S.A. announced a Tender Offer to purchase any and all of its 6.750% Notes due 2038, totaling $300 million outstanding. The offer aims to reduce the Company's outstanding indebtedness and interest expense. The Expiration Date for valid tendering is set for November 18, 2022, and the anticipated Settlement Date is November 23, 2022. The Purchase Price will be calculated based on the yield to maturity of a specified U.S. Treasury security. The Company reserves the right to terminate the offer at any time.

Veolia Environnement has reported strong financial growth for the first nine months of 2022, with revenue reaching €30.7 billion, a notable 13.2% organic growth year-over-year. The integration of Suez is ahead of schedule, delivering €98 million in synergies. EBITDA rose 5.2% to €4.5 billion, at the top of the guidance range. Net financial debt decreased by €351 million as of September 30. All 2022 objectives remain confirmed, with 2023 expected to see continued strong growth.

Veolia Environnement reported on October 31, 2022, a total share capital of 700,571,716 shares, with total theoretical voting rights at 715,303,261.

The number of voting rights that can be exercised is 702,549,033, reflecting the deduction of treasury shares. This compliance report includes a clause on crossing shareholding thresholds, adhering to French regulations.

Veolia Environnement has successfully completed a consent solicitation for the merger with Vigie, formerly known as Suez. The approval came during general meetings of noteholders on September 15 and October 6, 2022. This merger marks a significant step in Veolia's acquisition process initiated in 2021 and culminates in a completed merger by October 31, 2022. The merger is seen as a crucial move to establish Veolia as a leader in ecological transformation, supported by its comprehensive services in water, waste, and energy management, which served 79 million and 61 million people respectively in 2021.