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Veolia (Paris:VIE) announces the finalization of the sale of assets as part of the antitrust remedies agreed with the European Commission in the context of the merger between Veolia and Suez. The sale of the assets sold amounts to approximately €920 million in enterprise value and will contribute to the reduction of debt and support the Group's development.
This sale has three components:
The sale of part of the hazardous waste assets in France to Suez.
The sale of activities in mobile water treatment services in Europe to Saur.
The sale of industrial water treatment services in France to Séché Environnement.
When these operations are completed, Veolia will remain a major player in the segments concerned (hazardous waste, industrial water, mobile units).
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About Veolia
Veolia Group aims to become the benchmark company for ecological transformation. Present on five continents with nearly 220,000 employees, the Group designs and deploys useful, practical solutions for the management of water, waste and energy that are contributing to a radical turnaround of the current situation. Through its three complementary activities, Veolia helps to develop access to resources, to preserve available resources and to renew them. In 2021, the Veolia group provided 79 million inhabitants with drinking water and 61 million with sanitation, produced nearly 48 million megawatt hours and recovered 48 million tonnes of waste. Veolia Environnement (Paris Euronext: VIE) achieved consolidated revenue of 28.508 billion euros in 2021. www.veolia.com
veolia group is the global leader in optimized resource management. with over 179,000 employees* worldwide, the group designs and provides water, waste and energy management solutions that contribute to the sustainable development of communities and industries. through its three complementary business activities, veolia helps to develop access to resources, preserve available resources, and to replenish them. in 2014, the veolia group supplied 96 million people with drinking water and 60 million people with wastewater service, produced 52 million megawatt hours of energy and converted 31 million metric tons of waste into new materials and energy. veolia environnement (listed on paris euronext: vie) recorded consolidated revenue of €24.4 billion* in 2014. www.veolia.com (*) 2014 pro-forma figures, including dalkia international (100%) and excluding dalkia france.
