(CercleFinance.com) – Veolia announces that it has signed an agreement for the acquisition by NGE, an independent public works group, of SADE-CGTH, its subsidiary for the construction and rehabilitation of water and infrastructure networks , for an enterprise value amount of 260 million euros.
SADE’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 around 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.
Copyright © 2023 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends using the buttons below.
