Key Developments: Veolia Environnement SA (VIE.PA)
9.62EUR
24 May 2013
€-0.23 (-2.32%)
€9.85
€9.89
€9.97
€9.62
3,877,951
4,229,125
€11.10
€7.38
Latest Key Developments (Source: Significant Developments)
Veolia Environnement SA's Veolia Water to Supply Organica System to Vienne Water and Wastewater Authority (SIVEER) - Les Trois Moutiers and Future Center Parcs Treatment Plant
Veolia Environnement SA's Veolia Water announced that the Vienne Water and Wastewater Authority has just contracted MSE, a Veolia Water subsidiary, to build the plant to treat the wastewater from Les Trois Moutiers and the future Vienne Center Parcs holiday village. The plant is designed with a population equivalent capacity of 8,000 of which 6,500 for Center Parcs. The future wastewater treatment plant for Les Trois Moutiers and the Vienne Center Parcs is scheduled to enter service in 2015. One year later, the first sludge produced by the plant will be spread as fertilizer. The financial terms of the deal were not disclosed. Full Article
Veolia Environnement Ve SA Sells its Water and Wastewater Activities in Portugal for EUR 95 million
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. Full Article
Veolia Environnement Ve SA's Veolia Eau Wins Contract with K+S Potash-Les Echos
Les Echos reported that Veolia Environnement Ve SA's Veolia Eau has won a contract with K+S Potash in Canada. The contract concerns the supply of equipment for a potassium production chain, and is reported to be worth CAD 300 million. Full Article
Veolia Environnement Ve SA's Veolia Eau in Talks with Unions over 1.500 Voluntary Redundancies-Les Echos
Les Echos reported that Veolia Environnement Ve SA's Veolia Eau is in talks with trade unions regarding a restructuring plan that will involve 1,500 voluntary redundancies in France. Full Article
Veolia Environnement Ve SA Sells Concession Contracts in Morocco
Veolia Environnement Ve SA announced that it has signed an agreement, via its holding company Veolia Services a l' Environnement Maroc, with investment fund Actis to sell its Moroccan water, wastewater and electricity services, operated by concession companies Redal and Amendis. Full Article
Veolia Environnement Ve SA To Acquire 66% of SNCM for EUR 1.00-Les Echos
Les Echos reported Veolia Environnement Ve SA is to acquire SNCM, a Marseille-based ferry company, for the symbolic price of EUR 1.00. Veolia Environnement Ve SA will also consolidate into its accounts the existing debt of SNCM worth a total amount of EUR 76 million. Full Article
Veolia Environnement Ve SA Proposes FY 2012 Dividend; Issues Revenue Guidance for FY 2014 Onwards Above Analysts' Estimates
Veolia Environnement Ve SA announced that its Board of Directors will propose to the Annual General Meeting to be held May 14, 2013 a dividend payment of EUR 0.70 per share in respect of the 2012 fiscal year, payable in cash or in shares of Veolia Environnement Ve SA. These new shares will be issued at a price equivalent to 90% of the average opening price on Euronext Paris of the shares over the twenty trading days prior to the day of the Annual General Meeting, less the amount of the dividend. The ex-dividend date (for ordinary shares only) has been set as May 20, 2013. The period during which shareholders may choose the option of the payment of dividend in cash or in shares will begin on May 20, 2013 and end June 4, 2013. The 2012 dividend will be paid, in cash or in shares, in either case from June 14, 2013. The Company also announced that it aims to pay a dividend of EUR 0.70 per share for fiscal year 2013. The Company also announced that from fiscal year 2014 onwards it is aiming for organic growth in revenue of over 3% per year. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2013 revenue of EUR 27.965 billion and fiscal year 2014 revenue of EUR 28.542 billion. Full Article
Veolia Environnement Ve SA Announces Dalkia International's Bond Issue
Veolia Environnement Ve SA announced that it has reached an agreement with EDF and Dalkia regarding the financing of its subsidiary Dalkia International. The agreement provides for the issuance of EUR 600 million in subordinated bonds by Dalkia International, to which its shareholders will subscribe in proportion to their direct interests in the capital, ie. respectively EUR 144 million for EDF and EUR 456 million for Dalkia, financed by a long-term loan from Veolia Environnement. Dalkia is a subsidiary of Veolia Environnement and EDF. Full Article
Veolia Environnement Ve SA's Veolia Environmental Services And Orbite Aluminae Inc Create Partnership to Recycle and Remediate Red Mud Generated by Alumina
Veolia Environnement Ve SA announced that its subsidiary Veolia Environmental Services and Orbite Aluminae Inc have signed an exclusive worldwide collaborative agreement for the treatment and recycling of red mud generated by industrial alumina production. Full Article
Veolia Environnement Ve SA's Subsidiary Secures Contract
Veolia Environnement Ve SA announced that the city of Rialto and Rialto Water Services (RWS) have awarded Veolia Water North America, a Veolia Water subsidiary, a contract to manage the city's water and wastewater systems. The 30-year contract is valued at approximately $300 million in revenues for Veolia Water. As part of that concession, RWS hired Veolia Water North America, a Veolia Water subsidiary, to manage the city's water and wastewater systems. The financing mode mode is original, as the city of Rialto has received $35 million in an upfront cash payment and secured $41 million in funding for future water and wastewater system improvements through a concession contract signed with RWS, a special purpose company established by Table Rock Capital and a Ullico affiliate. Full Article
Veolia sees strong growth in toxic waste recycling
PARIS - Veolia Environnement sees strong growth in toxic waste recycling and will keep investing in plants to treat industrial solvents and old batteries as it chases more sales from industrial clients.
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
