Seeking Alpha

Veolia to sell water, waste and energy business in Israel

  • Veolia Environnement (VE) agrees to sell its water, waste and energy activities in Israel to global fund manager Oaktree Capital Management, as part of its strategy to refocus on less capital intensive businesses.
  • Specific terms were not provided, but VE says the sale will allow it to cut its debt by ~€250M (~$341M).
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