Veolia: To Sell Montenay International To Covanta Holding
July 06 2009 - 2:51AM
Dow Jones News
French water, waste and energy services group Veolia
Environnement (VE) said Monday it has entered into an agreement to
sell Montenay International, North American portfolio of
waste-to-energy contracts, to Covanta Holding Corporation (CVA) for
a total consideration of $450 million including debt
assumption.
MAIN FACTS:
- The sale of Montenay International forms part of the disposal
program announced by Veolia Environnement on March 6, 2009.
- The transaction is subject to applicable regulatory
approvals
-Veolia seeks to close the transaction before the end of the
year.
Company Web site: www.veolia.com
By Paris Bureau, Dow Jones Newswires; +331-4017-1740;
alice.dore@dowjones.com