Veolia: Séché Environnement to buy businesses

(CercleFinance.com) - Veolia and Séché Environnement have announced the signing of a unilateral purchase agreement.


Séché Environnement has agreed to acquire Veolia's industrial water treatment services business in France.

This transaction is the final part of the antitrust remedies required by the European Commission to enable the merger between Veolia and Suez.

The assets will be sold for approximately 40 million euros and will be paid for out of Séché Environnement's free cash.

The total amount of disposals in progress amounts to approximately 920 million euros. This demonstrates the high quality of the assets and the strong competitive dynamics of the environmental services sector in France, Veolia said.


Copyright (c) 2022 CercleFinance.com. All rights reserved.