(CercleFinance.com) – Veolia announces the finalization of the sale of SADE-CGTH, its 100% subsidiary specializing in the construction and rehabilitation of water and infrastructure networks, to the public works group NGE, for an amount in enterprise value of 260 million euros.
‘This sale is part of the regular review of our asset portfolio, construction activities no longer being part of the group’s strategic businesses,’ recalls Estelle Brachlianoff, Managing Director of Veolia.
SADE-CGTH’s activities, focused on civil engineering works and network construction, mainly in the water sector, represent an annual turnover of around 1.1 billion euros in 2022 and a workforce of approximately 6,900 employees.