Veolia (Paris:VIE) and Suez announce the signing of an agreement for the acquisition by Suez of all hazardous waste assets in France as part of the commitments made by Veolia to address the competition concerns of the European Commission . The assets represent an enterprise value of 690 million euros.
The agreement is formalized by a unilateral put option, which will allow the parties to finalize the transaction, as well as the consultation process with Veolia’s employee representative bodies and to obtain the necessary regulatory approvals. The operation will be carried out in compliance with all the social commitments announced by the two groups.
The Veolia group aims to be the reference company in ecological transformation. With nearly 179,000 employees worldwide, the Group designs and offers innovative, useful and practical solutions for water, waste and energy management. Through its three complementary businesses, Veolia contributes to developing access to resources, to preserving available resources and to replenishing them. In 2021, the Veolia group supplied 79 million inhabitants with drinking water and 61 million with sanitation, produced nearly 48 million megawatt hours and recovered 48 million tonnes of waste. Veolia Environnement (Paris Euronext: VIE) achieved consolidated revenue of €28.508 billion in 2021. www.veolia.com