Veolia Announces the Sale of Its Sulfuric Acid Regeneration Business in North America for $620 Million
31 Luglio 2024 - 8:44AM
Business Wire
Regulatory News:
Veolia (Paris:VIE) announces that its subsidiary Veolia North
America has signed an agreement for the divestment of Veolia North
America Regeneration Services, which includes its sulfuric acid and
hydrofluoric acid regeneration activities for refineries, to
private equity firm American Industrial Partners for an enterprise
value of USD 620 million. These activities represented revenues of
around USD 350 million in 2023. The financial closure of the
transaction is expected in the coming days.
“This disposal is in line with our policy of continuously
reshaping our portfolio of assets in line with the strategic
priorities of our GreenUp plan whilst maintaining a strict balance
sheet discipline. The sulfuric acid regeneration business in the
United States is not one of our key priorities and does not offer
synergies with our core activities. Their disposal will enable us
to create value and concentrate our investments on the ‘boosters’
of the GreenUp strategic plan,” said Estelle Brachlianoff,
Veolia's Chief Executive Officer.
ABOUT VEOLIA
Veolia's ambition is to become the benchmark company for
ecological transformation. With nearly 218,000 employees on five
continents, the Group designs and deploys useful, practical
solutions for managing water, waste and energy that help to
radically change the world. Through its three complementary
activities, Veolia contributes to developing access to resources,
preserving available resources and renewing them. In 2023, the
Veolia group served 113 million people with drinking water and 103
million with wastewater services, produced 42 terawatt-hours of
energy and recovered 63 million metric tons of waste. Veolia
Environnement (Paris Euronext: VIE) generated consolidated sales of
€45.3 billion in 2023. www.veolia.com
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GROUP MEDIA RELATIONS Laurent Obadia - Evgeniya
Mazalova Anna Beaubatie - Aurélien Sarrosquy
Tel.+ 33 (0) 1 85 57 86 25 presse.groupe@veolia.com
INVESTORS RELATIONS Selma Bekhechi - Ariane de
Lamaze
Tel. +33 (0) 1 85 57 84 76 investor-relations@veolia.com
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