Veolia: sale of Suez activities in the United Kingdom – 08/08/2022 at 09:30

( – Veolia announces the signing of a unilateral purchase agreement by which Macquarie Asset Management irrevocably undertakes to acquire 100% of the capital of Suez Recycling and Recovery UK Group Holdings Ltd, for approximately 2.4 billion euros. euros.

The sale of this entity, bringing together Suez’s waste activities in the United Kingdom, makes it possible to provide an effective response to the main concerns of the British competition authority and remains subject to its approval.

With this operation, resulting in a multiple of 16.9 times normalized 2021 EBITDA, almost all of the antitrust disposals will have been finalized less than a year after the acquisition of Suez and on the basis of an average multiple of 15 times 2021 EBITDA.

All of these disposals will bring Veolia’s debt leverage significantly below three times and will give it additional investment capacity to finance growth in high value-added markets.

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