Key Developments: Veolia Environnement VE SA (VIE.PA)

VIE.PA on Paris Stock Exchange

14.91EUR
24 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Veolia Environnement wins contract from Hunter Water Corporation
Tuesday, 1 Jul 2014 01:35am EDT 

Veolia Environnement VE SA:Wins contract from Hunter Water Corporation to operate and maintain 25 water production and wastewater treatment plants in Hunter region (New South Wales, Australia).Eight-year contract is worth 193 mln euros (A$279 mln) and comes after international tender process.Contract covers operating and maintenance of plants supplying potable water and wastewater treatment services to over half million people across six local government areas in New South Wales.  Full Article

Veolia Environnement VE SA completes sale of 65 pct stake in Marius Pedersen Group
Monday, 30 Jun 2014 02:35am EDT 

Veolia Environnement VE SA:Completes sale of its 65 pct stake in Marius Pedersen Group for 240 mln Euros to Entreprenør Marius Pedersens Fond.This transaction will contribute to Veolia's debt reduction by the amount of the divestment in 2014.Marius Pedersen Foundation is already the owner of the remaining 35 pct of Marius Pedersen Group.  Full Article

Veolia Environnement VE SA to support BP’s gas field development projects
Friday, 27 Jun 2014 02:42am EDT 

Veolia Environnement VE SA:BP has selected Veolia to design, build and operate raw water treatment plant for its project to develop the Khazzan gas field, located southwest of Muscat in Sultanate of Oman.  Full Article

Veolia Environnement VE partners with Masdar on renewable energy water desalination program
Tuesday, 10 Jun 2014 08:00pm EDT 

Veolia Environnement VE SA:Says it has been selected by Masdar, also known as the Abu Dhabi Future Energy Company, through its desalination specialist SIDEM, as industry partner to collaborate on Renewable Energy Water Desalination Program.Renewable Energy Water Desalination Program is pilot program to test and develop advanced energy efficient seawater desalination technologies suitable to be powered by renewable energy sources.Long-term goal of the program is to implement renewable energy-powered desalination plants in United Arab Emirates.As technology partners, Veolia and MASDAR will share costs to build and operate pilot plant that will have same characteristics as future desalination plants.Built in Ghantoot area, this pilot will be capable of handling harsh sea water conditions (salinity up to 52 g/l, temperature up to 42°C and harmful algal blooms) using technologies developed by Veolia.  Full Article

Veolia Environnement sale of Moroccan services blocked by local authorities-Reuters
Sunday, 8 Jun 2014 08:00pm EDT 

Veolia Environnement VE SA:Moroccan local authorities decides to block deal Veolia Environnement deal to sell its Moroccan water, wastewater and electricity businesses due to dispute over investments - Reuters.Sale of company's Moroccan businesses to investment fund Actis for about 370 mln euros ($504 million) agreed in 2013.Businesses are operated by concession companies Redal, in capital Rabat, and Amendis, in northern cities Tangiers and Tetouan.Officials from Rabat say to be owed about 1.7 bln Moroccan dirhams ($207 mln) for unfulfilled investments between 2002 and 2012.Northern cities say to be due money for not completed investments.Morocco's interior ministry is expected to play coordinating role in arranging talks with Veolia.  Full Article

Veolia Environnement VE SA sells shares in Marius Pedersen Group
Friday, 6 Jun 2014 02:59am EDT 

Veolia Environnement VE SA:Says it has signed an agreement with Entreprenør Marius Pedersens Fond (Marius Pedersen Foundation).Says for the sale of its 65 pct stake in Marius Pedersen Group, which provides solid waste management services in Denmark, the Czech Republic and Slovakia, for 240 mln euros.This transaction will contribute to Veolia`s debt reduction by the amount of the divestment in 2014.Closing of the transaction is expected in the coming weeks and is subject to the approval of the Danish Commercial Foundations Supervisory Authorities.Says Marius Pedersen Foundation is already the owner of the remaining 35 pct of Marius Pedersen Group.  Full Article

Veolia Environnement helps to implement improvements at Washington Aqueduct
Thursday, 29 May 2014 09:00am EDT 

Veolia Environnement VE SA:DC Water, in association with Washington Aqueduct, is employing help of Veolia to implement operational and process improvements at Washington Aqueduct, federally-owned and operated public water supply agency delivering water to DC Water, Arlington County and Fairfax Water.Washington Aqueduct's operations already reviewed by Veolia thoroughly four-month, joint public-private exercise.25 key improvement ideas and opportunities for Aqueduct to increase efficiency, reduce costs, streamline operations and ensure continued reliable delivery of water services developed by Veolia.During subsequent 18 months, Veolia's technical experts to work alongside Aqueduct staff and oversee implementation of key changes to help Aqueduct reach targeted savings.  Full Article

Veolia Environnement VE SA's Sofiyska VodaVeolia fined by Bulgarian watchdog
Wednesday, 28 May 2014 08:00pm EDT 

Veolia Environnement VE SA:Bulgaria's competition watchdog fines Veolia's Sofiyska VodaVeolia 4.8 million Bulgarian levs ($3.3 million) for abuse of its dominant market position.Commission for Protection of Competition said Sofiyska VodaVeolia, which provides water to 1.5 million people in Sofia, had wrongly charged interest on outstanding bills that were based on forecast and not actual measured water consumption.  Full Article

Veolia Environnement VE SA renews 138-million-euro urban cleaning services contracts in Singapore
Friday, 16 May 2014 02:33am EDT 

Veolia Environnement VE SA (Veolia):Announces that Singapore’s National Environment Agency has awarded Veolia with the renewal of two contracts for the Central region’s public cleansing services.Says these contracts will generate revenue of 138 million euros over six years.  Full Article

Veolia Environnement dismantles and recycles RER A line train sets for RATP
Sunday, 11 May 2014 08:00pm EDT 

Veolia Environnement VE SA:Says it has been chosen by RATP to dismantle and recycle 317 RER A line passenger cars.97 pct of materials in these passenger cars to be recycled and recovered.  Full Article

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