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