(Update: details of the transaction, stock market price)
PARIS (Agefi-Dow Jones)–The community services group Veolia announced on Friday that it had signed an agreement to sell hazardous waste assets to the “new Suez” for an enterprise value of 690 million euros.
The assets concerned by the sale include all the sites of the “former Suez” in the incineration of hazardous waste in France and two contracts relating to the physico-chemical treatment of this waste. Veolia will also sell to Suez four “old Suez” sites and one of its own hazardous waste landfill sites.
The sale of this perimeter was a condition set by the European Commission to authorize the takeover of Suez by Veolia, an operation which was finalized at the beginning of this year.
Veolia will retain all of its existing activity in France in the storage, incineration and treatment of hazardous waste (with the exception of an Occitanis storage site), as well as three French storage sites at Suez, which will bring to eight the number of its hazardous waste storage sites.
Veolia, after having acquired Suez, sold to a consortium of investors assets representing approximately 7 billion euros in turnover, which resulted in the creation of the “new Suez” at the beginning of February.
On the Paris Stock Exchange, the Veolia share fell by 3.2%, to 26.34 euros.
-Julien Marion and Dimitri Delmond, Agefi-Dow Jones; +33 (0)1 41 27 47 31; [email protected] ed: LBO – VLV
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May 06, 2022 11:22 ET (15:22 GMT)