(CercleFinance.com) – Veolia announces the completion of the sale to Suez of 100% of the share capital of Suez Recycling and Recovery UK Group Holdings under the antitrust remedies agreed with the UK Competition and Markets Authority (CMA) . The divested entity brings together the former waste activities of Suez in the United Kingdom.
Disposal proceeds amount to £2 billion and represent an attractive valuation of 16.9 times normalized 2021 EBITDA.
This divestment will bring the cumulative value of antitrust divestments to approximately €3.4 billion.
Following this transaction, Veolia will remain the leading player in the UK solid waste management market with revenue of around £1.8 billion.
Copyright © 2022 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
