Veolia Unit Dalkia Extends 1.1 Billion-Euro Bratislava Contract

The energy services unit of Veolia Environnement, the largest water company in Europe, extended a contract with Bratislava authorities in Slovakia for 20 years that’s valued at at least 1.1 billion euros ($1.4 billion).

Dalkia, jointly owned by Veolia and Electricite de France, has operated in the eastern European country since 1993. Dalkia said it has provided heat and hot water the past 12 years to Bratislava’s Petrzalka district, which with 40,000 households is the largest residential district in central Europe.

Veolia shares have risen six consecutive trading days and almost 14 percent this year compared with French water rival Suez Environnement’s 19 percent gain.

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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