Veolia says completes $1.9 billion U.S. unit sale
PARIS (Reuters) - Veolia Environnement (VIE.PA) said it completed the sale of its U.S. solid waste business to ADS Waste Holdings for $1.9 billion as the French waste and water group seeks to cut debt.
The deal, which won U.S. regulatory approval last week on condition of certain asset disposals, has enabled Veolia to reduce net debt by about $1.84 billion, it said on Wednesday.
The group has pledged to divest 5 billion euros ($6.4 billion) in assets by the end of next year.
"Veolia will continue to grow its hazardous waste and industrial services businesses in North America," Veolia said.
ADS Waste Holdings is owned by infrastructure fund Highstar Capital. ($1 = 0.7811 euros)
(Reporting by James Regan; Editing by Blaise Robinson)
- Tweet this
- Share this
- Digg this
- Plague in Madagascar has killed 40 people out of 119 cases -WHO
- Widespread flooding ahead for snowy western New York: officials |
- U.S., Iran discussing new ideas to break nuclear impasse - sources
- Pakistani family sentenced to death over "honour killing" outside court
- Video streaming service Aereo files for bankruptcy