PRESS RELEASE
Sale of Veolia Environmental Services solid waste businesses in the US
to ADS Waste Holdings is complete
Paris, November 21, 2012_. 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 billion1 (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 billion1 (around €1.440 billion), which contributes to the company’s program to divest €5 billion in assets by the end of 2013.
Veolia will continue to grow its hazardous waste and industrial services businesses in North America.
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Veolia Environnement (Paris Euronext: VIE and NYSE: VE) is the worldwide reference in environmental solutions. With more than 330,000 employees the company has operations all around the world and provides tailored solutions to meet the needs of municipal and industrial customers in four complementary segments: water management, waste management, energy management and passenger transportation. Veolia Environnement recorded revenue of €29.6 billion* in 2011. www.veolia.com
Excluding VeoliaTransdev revenues currently under divestment
Important disclaimer
Veolia Environnement is a corporation listed on the NYSE and Euronext Paris. This press release contains “forward-looking statements” within the meaning of the provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations or beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These factors and uncertainties in particular include risks related to customary provisions of divesture transactions and those described in the documents Veolia Environnement has filed with the U.S. Securities and Exchange Commission. Veolia Environnement does not undertake, nor does it have, any obligation to provide updates or to revise any forward-looking statements. Investors and security holders may obtain a free copy of documents filed by Veolia Environnement with the U.S. Securities and Exchange Commission from Veolia Environnement.
Contact
Analyst and institutional investor contact: Ronald Wasylec +33 1 71 75 12 23
US Investors contact Terri Anne Powers – Tel +1 312-552-2890
Press release also available on our web site: http://www.finance.veolia.com
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