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Veolia Environnement SA (VIE.PA)

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Latest Key Developments (Source: Significant Developments)

Veolia wins Lille contract worth around 295 millions euros
Wednesday, 8 Mar 2017 02:35am EST 

Veolia Environnement : Says European metropolis of Lille has awarded Covalys, a joint venture co-owned by Veolia and Idex, the public service delegation contract to operate Antares, metropolis` energy recovery facility in the town of Halluin .12-Year contract represents cumulated revenue of 295 million euros ($311.61 million).  Full Article

Utility Veolia wins Lille contract worth around 295 million euros
Wednesday, 8 Mar 2017 02:35am EST 

Veolia : Lille has awarded Covalys, a joint venture co-owned by Veolia (65% via its subsidiary Valnor) and Idex (35%), the public service delegation contract to operate Antares, the metropolis' energy recovery facility in the town of Halluin .The 12-year contract represents cumulated revenues of 295 million euros ($311.7 million). ($1 = 0.9463 euros).  Full Article

Veolia's unit Kurion to deploy effluent treatment systems at four Magnox sites in UK
Monday, 6 Mar 2017 03:26am EST 

Veolia Environnement SA : Nuclear solutions entity, through its subsidiary Kurion Inc., will deploy effluent treatment systems at four Magnox sites in the United Kingdom under a new contract between two firms . Under agreement company to design, build and install new systems at four sites .Announces project is scheduled to run through 2020, with delivery of first two maetp systems scheduled for 2018.  Full Article

Suez targets 150 mln euros in cost cuts this year
Wednesday, 1 Mar 2017 02:00am EST 

Suez Says Interested In General Electric's : Suez ceo says will keep looking for opportunities in latin america . Suez ceo says 2017 will be transformation year . Suez says GE water business in line with its strategy . Suez says GE interesting because of presence in smart water, international activities . Suez says any acquistion will be in line with its financial discipline targets . Seuz ceo chaussade says for 2017 we target 150 million in cost cuts . Suez ceo says does not believe in major merger that would involved alliance with veolia .Suez says size is not a target in itself.  Full Article

Veolia to design and build water treatment plant in Senegal
Wednesday, 8 Feb 2017 06:01am EST 

Veolia Environnement SA : Veolia to design and build water treatment plant in Dakar, Senegal . Through subsidiaries OTV and SADE, has been awarded contract to design and build an iron removal water treatment plant for Senegal's water utility, Societe Nationale des Eaux du Senegal . Veolia will design and build a facility with a daily capacity of 40,000 cubic meters of water .Contract represents a revenue of 7.6 million euros ($8.09 million, or 4.9 billion West African CFA francs).  Full Article

Veolia and Huawei cooperate in smart cities market
Friday, 2 Sep 2016 08:26am EDT 

Veolia Environnement SA :Veolia and Huawei sign a cooperation agreement for the smart cities market.  Full Article

Veolia issues 1 bln Renminbi Panda bond
Friday, 2 Sep 2016 02:44am EDT 

Veolia Environnement SA : Veolia is the first french issuer of a Panda Bond . Has successfully issued a bond for a nominal amount of 1 billion renminbis (135 million euros) on Chinese domestic market (Panda Bond) . Bears an interest rate of 3.5 pct for a 3 year maturity . Bond was issued to Chinese and international investors .Proceeds of this bond will be used to refinance debt related to investments that group has made in China.  Full Article

Veolia says profitability of recent acquisitions above group average
Monday, 1 Aug 2016 03:46am EDT 

: Veolia says no plan to change current rhythm of acquisitions . Veolia says five recent big deals represent about 2 percent of veolia turnover, will boost revenue in h2 . Veolia says french water business challenges are permanent in terms of low inflation, low prices for waste . Veolia says will accelerate cost reductions in french business, 40 percent of h1 cost cuts h1 were in france . Veolia says had lot of interest for remaining 30 percent stake in transdev from investment banks . Veolia shares up 2.5 percent following earnings release . Veolia says profitability of five major recent acquisitions is better than average of the group . Veolia says does not want to explode debt level, wants to stay at between 8 to 9 billion euros . Veolia says several more deals under negotiation . Veolia says sale of remaining 30 percent stake in transdev will take some time, base for valuation will be 2016 earnings .Veolia says we do not intend to give money back to shareholders, we prefer to increase dividend.  Full Article

Transdev: draft shareholding agreement between Caisse des Dépôts and Veolia
Friday, 29 Jul 2016 01:22pm EDT 

Veolia : Transdev: draft shareholding agreement between Caisse des Dépôts and Veolia . Announce that they have reached an agreement for reorganization of shareholdings and Veolia's withdrawal from Transdev group . Caisse des Dépôts would acquire 20 pct of Transdev's capital for 220 million euros ($245.5 million), given that 50 pct of capital is valued at 550 million euros . Following this operation, Caisse des Dépôts would own 70 pct of Transdev's capital and would take exclusive control, while Veolia would retain 30 pct on a transitional basis .Both parties are keen to finalize this operation by end of 2016.  Full Article

Veolia says reached deal with French state bank CDC for Transdev stake
Friday, 29 Jul 2016 01:19pm EDT 

Veolia: French water and waste group Veolia says it has reached deal with state bank Caisse des Depots (CDC) on passenger transport group Transdev shareholding and Veolia's divestment. . Veolia says CDC will acquire 20 percent of Transdev's capital for 220 million euros ($245.52 million), valuing 50 percent of Transdev at 550 million euros. . Veolia says CDC will hold 70 percent of Transdev's capital after the deal and will take complete control. Veolia will keep 30 percent of the company. .The companies expect the deal to be completed by end-2016.  Full Article

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Suez says GE water treatment business would be a good buy

PARIS General Electric's industrial water treatment business which is up for sale would be a good strategic fit for Suez , the French group's chief executive said on Wednesday.