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Veolia Environnement (VE) agrees to sell 90% of its regulated water unit in the U.K. for...

Veolia Environnement (VE) agrees to sell 90% of its regulated water unit in the U.K. for £1.24B ($1.92B) to Rift Acquisitions, a JV between Prudential (PUK) and Morgan Stanley (MS). The sale is part of Veolia's strategy to quit half the 70 countries it operates in and sell assets worth €5B by 2013 as it seeks to cut its debt to below €12B. (PR)
Comments (1)
  • bankerdude
    , contributor
    Comment (1) | Send Message
     
    Someone please mention the 30% tax imposed on our dividend
    by the french governmet. The yield takes a haircut!!!
    1 Jul 2012, 02:58 PM Reply Like
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