Veolia Environnement sells its water and wastewater activities in Portugal for €95 million

Thu Mar 28, 2013 3:50am EDT

* Reuters is not responsible for the content in this press release.

PARIS--(Business Wire)--
Regulatory News: 

Veolia Environnement (Paris:VIE) has signed an agreement with Beijing
Enterprises Water Group to sell its subsidiary Veolia Water in Portugal (CGEP -
Compagnie Générale des Eaux du Portugal - Consultadoria e Engenharia) for €95
million. This amount will be fully allocated to the Group`s debt reduction
program in 2013. 

This transaction is subject to customary precedent conditions. 

This divestment reflects Veolia Water`s decision to refocus its portfolio of
contracts and the company`s development strategy based on higher value-added

CGEP holds four concession contracts to operate public water and wastewater
services and also provides services to public and private sector companies. It
serves 270,000 people, mainly in the north of the country. 

CGEP`s annual revenue amounts to €42 million, with 423 people employed. 

BBVA acted as an advisor of Veolia Environnement on this sale. 


Veolia Environnement (Paris Euronext: VIE and NYSE: VE) is the worldwide
reference in environmental solutions. With 220,000 employees*, the company has
operations all around the world and provides tailored solutions to meet the
needs of municipal and industrial customers in three complementary segments:
water management, waste management and energy management. Veolia Environnement
recorded revenue of €29.4 billion* in 2012.

(* ) Excluding VeoliaTransdev employees and revenues currently under divestment

Important Disclaimer

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.

Veolia Environnement
Analyst and institutional investor contact:
Ronald Wasylec, +33 1 71 75 12 23
US Investors:
Terri Anne Powers, +1 312-552-2890
Press release also available on our web site:

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