Veolia Agrees to Sell Estonia, Lithuania Waste Units to Alexela

Veolia Environnement SA (VIE) agreed to sell its waste services businesses in Estonia and Lithuania to Tallinn-based AS Alexela Energia for an undisclosed sum.

Two companies in Estonia and one in Lithuania had revenue of more than 30 million euros ($37 million) last year, according to an e-mailed statement from Veolia and Alexela today. The sale, which completes Veolia’s exit from Baltic waste services, has to be approved by local competition authorities.

To contact the reporter on this story: Ott Ummelas in Tallinn at oummelas@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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