Veolia Finalizes the Divestment of Antitrust Remedies Agreed With the European Commission Following the Merger With Suez
30 November 2022 - 6:26PM
Business Wire
Regulatory News:
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).
***
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
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version on businesswire.com: https://www.businesswire.com/news/home/20221130005936/en/
Veolia Group Media Relations Laurent Obadia - Evgeniya
Mazalova Mathilde Bouchoux Tel.+ 33 1 85 57 86 25
presse.groupe@veolia.com
Analysts & Investor Relations Ronald Wasylec - Ariane
de Lamaze Tel. + 33 1 85 57 84 76 / 84 80
investor-relations@veolia.com
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