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Veolia to sell mobile water services business in Europe

(AOF) – Veolia and Saur have just signed a unilateral purchase agreement under which Saur has undertaken to acquire Veolia’s activities in mobile water services in Europe, which are part of the antitrust remedies demanded by the European Commission. The amount of the sale of the assets in question amounts to approximately 190 million euros.

This transaction is subject to consultation with Veolia employee representative bodies, as well as obtaining the necessary regulatory authorizations and the fulfillment of the other conditions precedent.

“We are very satisfied with this progress on the third part of the disposals within the framework of our commitments with the European Commission in terms of competition, in line with the planned timetable, which shows the attractiveness of the assets offered for sale” , said Claude Laruelle, Deputy Managing Director in charge of finance. “The operation will be carried out in compliance with the social commitments announced by Veolia”, he added.

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