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Veolia Environnement Ve SA Sells its Water and Wastewater Activities in Portugal for EUR 95 million

Thursday, 28 Mar 2013 03:50am EDT 

Veolia Environnement Ve SA announced that it has signed an agreement with Beijing Enterprises Water Group to sell its subsidiary Veolia Water in Portugal (CGEP - Compagnie Generale des Eaux du Portugal – Consultadoria e Engenharia) for EUR 95 million. 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 Portugal. BBVA acted as an advisor of Veolia Environnement on this sale. 

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