Veolia Environnement Stock Price, News & Analysis

Veolia has noted Suez S.A.'s exercise of its right of first refusal regarding Vigie's UK waste business, leading to a put option agreement where Suez will acquire 100% of Suez Recycling and Recovery UK Group Holdings Ltd. for £2 billion. This transaction reflects a valuation of 16.9 times 2021 normalized EBITDA. The total antitrust divestments reach approximately €3.4 billion, significantly reducing Veolia's debt leverage to below 3x. The completion is subject to CMA approval, and Veolia aims to maintain its leading position in the UK waste management market with revenues of €2 billion.

Veolia Environnement (Euronext: VIE) reported as of August 31, 2022 a total share capital of €3,502,858,580 with 700,571,716 shares. The total theoretical voting rights stood at 740,980,781, while the exercisable voting rights were 728,209,001. The company has a clause in its Articles of Association requiring a reporting obligation for crossing a shareholding threshold in addition to existing regulations. This announcement is part of regulatory compliance with the French Financial Markets Authority.

Veolia has initiated a Consent Solicitation to invite holders of specific Notes to consent to the ongoing merger with Vigie (formerly Suez). This follows the signing of a merger agreement on August 2, 2022. The Notes involved include various series, totaling significant amounts due between 2023 and 2032. The full terms are outlined in the Consent Solicitation Memorandum dated August 31, 2022. Noteholders are invited to meetings convened for September 15, 2022, to discuss the consent process.

Veolia has secured the top position in the annual 'Top 200 Environmental Firms' listing by Engineering News Record, marking its leadership in hazardous waste management, water treatment, and air quality sectors. This recognition follows the successful merger with Suez, enhancing its operational capacity with over 10,000 employees and 350 operations across North America. The environmental services sector's revenue reached $112.7 billion, with Veolia's contributions significantly boosting these figures. The company aims to lead in ecological transformation and resource management.

Veolia has executed a unilateral put agreement for Macquarie Asset Management to acquire its UK waste business, Suez Recycling and Recovery UK Group, for approximately €2.4 billion. This transaction effectively addresses concerns from the UK Competition and Markets Authority (CMA) and is part of an antitrust divestment program totaling around €3.4 billion. The sale values at 16.9 times the 2021 normalized EBITDA, significantly higher than the acquisition price. Following the sale, Veolia's debt leverage will drop below 3x, enhancing its capacity for strategic investments.

Veolia Environnement has filed an Amendment to its 2021 Universal Registration Document with the French securities regulator (AMF) on August 4, 2022. This document includes the 2022 half-yearly financial report, which is now accessible online. Interested parties can view the document on the Veolia website or request a hard copy from the company's administrative headquarters in Aubervilliers, France. The filing number for this document is D.22-0328-A01.

Veolia Environnement, listed on Euronext Paris under the ticker VIE, reported significant details regarding its share capital and voting rights as of July 31, 2022. The total number of shares forming the share capital stands at 700,571,716, while the total number of theoretical voting rights is 740,446,321. Notably, the number of voting rights that can be exercised is 727,786,052. Additionally, a clause has been included in the Articles of Association regarding the reporting obligation of crossing shareholding thresholds.

Veolia has announced a merger agreement for the integration of Vigie SA (formerly Suez SA) to simplify its legal structure. Following a successful cash tender offer leading to a mandatory squeeze-out procedure on February 18, 2022, Veolia will hold all shares of Vigie SA until the merger's completion on October 31, 2022. The merger will have a retroactive effect from January 1, 2022 and will not require general meetings or independent audits, per applicable laws.

Veolia Environnement (VEOEY) reported robust Q2 results, confirming 2022 targets with organic EBITDA growth between +4% and +6% and a net income of €528M. Revenue reached €20.2B, a +46.2% increase compared to H1 2021, driven by successful integration of Suez activities and strong organic growth (+14.4%). The company achieved EBITDA of €2.95B, up +40.4% year-over-year. Efficiency gains of €178M and synergies of €52M from the Suez acquisition contributed positively. While net financial debt rose to €22.35B due to the Suez acquisition, guidance for strong growth remains intact, targeting an EPS increase of +10% in 2022.