Veolia Environnement (VE) could reportedly raise £1B ($1.54B) from the sale of its U.K....

|About: Veolia Environnement ADR (VEOEY)|By:, SA News Editor

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.