Deals
Veolia Completes Sale to Oaktree Capital of Israel Assets
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Veolia Environnement SA completed the sale of its water, waste and energy operations in Israel to funds managed by Oaktree Capital Management LP, a transaction that will reduce debt by about 220 million euros ($237 million).
The deal, announced last July and subject to Israel antitrust approval, includes a seawater desalination plant in Ashkelon on the Mediterranean south of Tel Aviv and Israel’s biggest hazardous waste dump at Ramat Hovav near Beersheba. Paris-based Veolia owned a stake in the Mishor Rotem power station, which operates on natural gas in the Negev desert near the Dimona nuclear reactor.