(AOF) – Veolia announces the signing of an agreement for the acquisition by NGE, an independent public works group, of Sade-Cgth, its 100% subsidiary specializing in the construction and rehabilitation of electricity networks. water and infrastructure. The amount of the sale amounts to 260 million euros in enterprise value. Sade’s activities, focused on civil engineering works and the construction of networks, 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.
The agreement is materialized by a unilateral promise to purchase to allow the parties to finalize the transaction which remains subject to consultations with staff representative bodies as well as obtaining the necessary regulatory authorizations.
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