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Sale of Veolia Environmental Services Solid Waste Business in the U.S. to ADS Waste Holdings Now Complete - Veolia Environnement announced the completion of the sale of the Veolia solid waste businesses in the United States to ADS Waste Holdings, owners of Advanced Disposal Services, Inc. and Interstate Waste Services, Inc.
Sale of Veolia Environmental Services Solid Waste Business in the U.S. to ADS Waste Holdings Now Complete

 

NewswireToday - /newswire/ - Lombard, IL, United States, 2012/11/21 - Veolia Environnement announced the completion of the sale of the Veolia solid waste businesses in the United States to ADS Waste Holdings, owners of Advanced Disposal Services, Inc. and Interstate Waste Services, Inc.. Euronext: VIE; NYSE:VE

   
 
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Today, Veolia Environnement announced the completion of the sale of the Veolia solid waste businesses in the United States to ADS Waste Holdings, owners of Advanced Disposal Services, Inc. and Interstate Waste Services, Inc., for a total transaction value of $1.909 billion (around €1.491 billion).

The U.S. Department of Justice approved the sale on Thursday, November 15, with the condition that certain waste collection assets in northern New Jersey, central Georgia, and the Macon, Ga., metropolitan area are divested to overcome anti-trust concerns.

The completion of this transaction reduced Veolia’s net debt by approximately $1.840 billion (around €1.440 billion), which contributes to the company’s program to divest €5 billion in assets by the end of 2013.

Veolia (veoliaes.com) will continue to grow its hazardous waste and industrial services businesses in North America.

 
 
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Written by / Agency / Source: Veolia

 
 

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Sale of Veolia Environmental Services Solid Waste Business in the U.S. to ADS Waste Holdings Now Complete

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Publisher Contact: Press Office - VeoliaES.com 
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Veolia securities in any jurisdiction including any other companies listed or named in this release.

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