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Veolia Environnement (VE)

VE is defunct.
  • Apr. 16, 2014, 12:25 PM
    • French waste and water companies Veolia Environnement (VE +3.8%) and Suez Environnement (SZEVF) both deny they are in merger talks or even studying such a project.
    • A report earlier today from Exane BNP Paribas said the "stars are aligned" for the companies to revisit the idea of merging after discussing the possibility two year ago.
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  • Jun. 10, 2013, 10:53 AM
    Veolia Environnement (VE -0.5%) agrees to buy the 50% stake it doesn't already own in its Latin American unit Proactiva for €150M, marking VE's first significant acquisition since it began its debt reduction program three years ago. The French utility hopes to add profit from a region where industries such as oil and gas, mining and petrochemicals are growing fast.
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  • Nov. 21, 2012, 8:12 AM
    Veolia (VE +2%) completes the sale of its U.S. solid waste operations to ADS Waste or $1.9B after American regulators approved the deal last week. The transaction takes Veolia some way towards its target of divesting €5B worth of assets by the end of 2013 as it looks to cut debt.
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  • Oct. 20, 2012, 4:02 PM
    Discussions took place for an $11B merger between the world's two highest-revenue water/waste utilities, France's Veolia Environnement (VE) and Suez Environnement (SZEVY.PK) - but those talks are now dead before reaching the boards, the WSJ reports. Growth pressure for such deals remain, but these two are so large that securing antitrust approval would be difficult.
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  • Jul. 24, 2012, 1:03 PM
    Veolia Transdev puts its eastern European bus services up for auction, Reuters reports. with preliminary bids due on Thursday. Part-owner Veolia Environnement (VE -3.4%) hopes the divestment will help it sell its 50% stake in Transdev; the French group is on a mission to sell €5B worth of assets by 2013 as it looks to reduce debt.
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  • Jul. 19, 2012, 3:16 AM
    Veolia Environnement (VE) sells its U.S. waste management business to infrastructure fund manager Highstar Capital Star for $1.909B to help repay debts. Including this deal, Veolia has achieved 60% of its planned €5B asset divestment program. Veolia +3.9% in Paris. (PR)
  • Jul. 18, 2012, 4:58 PM
    Highstar Capital is near a deal to buy Veolia Environnement's (VE) U.S. unit for $1.85B, Bloomberg reports. Shares are volatile AH, first up but now -1.8%.
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  • Jun. 28, 2012, 5:41 AM
    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)
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  • Jan. 19, 2012, 7:58 AM
    Veolia Environnement (VE) could reportedly raise £1B ($1.54B) from the sale of its U.K. water ops, for which it has hired Deutsche Bank and JP Morgan to manage the deal. The divestment is part of of Veolia's plan to unload €5B ($6.4B) of assets by 2013 as it looks to slash its debt.
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Company Description
Veolia Environnement SA provides environmental management services. These services include water supply, treatment and recovery of industrial effluent, waste collection, processing and recycling among others.
Sector: Utilities
Country: France