(CercleFinance.com) – Veolia and Séché Environnement announce the signing of a unilateral purchase agreement. Séché Environnement has agreed to acquire Veolia’s activities in industrial water treatment services in France.
This operation constitutes the last part of the antitrust remedies required by the European Commission in terms of competition in the context of the merger between Veolia and Suez.
The amount of the sale of the transferred assets amounts to approximately 40 million euros and will be financed from Séché Environnement’s available cash.
‘ The total amount of disposals in progress amounts to approximately 920 million euros. This testifies to the high quality of assets and strong competitive dynamics of the environmental services sector in France,’ said Claude Laruelle, Deputy Chief Executive Officer in charge of finance at Veolia.