Sale of Veolia Environmental Services solid waste businesses in the US to
ADS Waste Holdings is complete
PARIS -- November 21, 2012
Today, Veolia Environnement (Paris:VIE) announced the completion of the sale
of the Veolia solid waste businesses in the United States to ADS Waste
Holdings, owners of Advanced Disposal Services, Inc. and Interstate Waste
Services, Inc., for a total transaction value of $1.909 billion^1 (around
The U.S. Department of Justice approved the sale on Thursday, November 15,
with the condition that certain waste collection assets in northern New
Jersey, central Georgia, and the Macon, Ga., metropolitan area are divested to
overcome anti-trust concerns.
The completion of this transaction reduced Veolia’s net debt by approximately
$1.840 billion^1 (around €1.440 billion), which contributes to the company’s
program to divest €5 billion in assets by the end of 2013.
Veolia will continue to grow its hazardous waste and industrial services
businesses in North America.
Veolia Environnement (Paris Euronext: VIE and NYSE: VE) is the worldwide
reference in environmental solutions. With more than 330,000 employees the
company has operations all around the world and provides tailored solutions to
meet the needs of municipal and industrial customers in four complementary
segments: water management, waste management, energy management and passenger
transportation. Veolia Environnement recorded revenue of €29.6 billion* in
Excluding VeoliaTransdev revenues currently under divestment
Veolia Environnement is a corporation listed on the NYSE and Euronext Paris.
This press release contains “forward-looking statements” within the meaning of
the provisions of the U.S. Private Securities Litigation Reform Act of 1995.
These statements are based on management’s current expectations or beliefs and
are subject to a number of factors and uncertainties that could cause actual
results to differ materially from those described in the forward-looking
statements. These factors and uncertainties in particular include risks
related to customary provisions of divesture transactions and those described
in the documents Veolia Environnement has filed with the U.S. Securities and
Exchange Commission. Veolia Environnement does not undertake, nor does it
have, any obligation to provide updates or to revise any forward-looking
statements. Investors and security holders may obtain a free copy of documents
filed by Veolia Environnement with the U.S. Securities and Exchange Commission
from Veolia Environnement.
Press release also available on our web site: http://www.finance.veolia.com
^1 USD:EUR of 1:0.781
Analyst and institutional investor contact:
Ronald Wasylec, +33 1 71 75 12 23
US Investors contact
Terri Anne Powers, +1 312-552-2890
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