Veolia takes UU’s European non-reg business
- From: Vol 11, Issue 6 (June 2010)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: United Utilities and Veolia Water
United Utilities has continued its disposals programme, offloading most of its remaining international interests to Veolia. The price was less than it had hoped for.
Veolia Water has committed to buying United Utilities’ remaining European non-regulated assets in a deal worth £174.2 million.
The deal came just days after the IFC announced a €100 million equity investment in Veolia’s Eastern European subsidiary, and will catapult Veolia into the number one spot in the UK non-regulated water sector, following the acquisition of Thames Water ...
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