Veolia acquires CDPQ's 30% stake in Water Technologies and Solutions, achieving full ownership to accelerate value creation
France, May 8 -- Veolia has signed an agreement with CDPQ for the acquisition of its 30% stake in Veolia's subsidiary Water Technologies and Solutions ("WTS"), allowing Veolia to achieve full ownership of WTS, enabling to unlock more value potential, simplify further its structure and extract additional run-rate cost synergies of ~€90m.This acquisition is a logical step in the deployment of Veolia's GreenUp strategic roadmap, with an efficient capital allocation to strengthen the Group's anchoring in Water technologies activities and in the United States, both identified as priority growth "boosters".The acquisition of CDPQ's minority interests will further strengthen Veolia's unique positioning as a global leader in Water Technologie...
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