United States

Veolia: hybrid renewal depends on market conditions, M&A

Monday, 31 Jul 2017 03:51am EDT 

July 31 (Reuters) - Veolia Environnement Sa :Veolia cfo says expects no significant restructuring charges in second half.Veolia reiterates it has balance sheet capacity for large acquisitions, but has no project for major acquisitions today.Veolia ceo says confident can find agreement with sheffield city in coming months, talks continueing.Veolia ceo says would make a bid if saudi arabia decides to privatise certain desalination activities.Veolia cfo says no significant disposals in the works, so we expect no major capital gains for second half.Veolia cfo: h1 waste volumes increased in france, this was unexpected, this may be a sign that the french economy is starting to grow a little bit.Veolia cfo: we will reimburse the hybrid loan next year, whether we issue a new one depends on conditions. If we do not do large acquisitions we may not immediately issue a new hybrid.capron: hybrids are not an ordinary component of our balance sheet, but if we needed to reinforce balance sheet following an acquisition we might consider whether we issue a new hybrid.