France's Veolia Buys US Hazardous Waste Company Clean Earth [Barron's]
VEOLIA ENVIRONNEMENT ADR (VEOEY)
NASDAQ:AMEX Investor Relations:
veolia.com/en/veolia-group/finance-area
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Source: Barrons
The $3-billion-dollar deal will double Veolia's presence in the United States, said Estelle Brachlianoff, the French group's managing director. Advertisement - Scroll to Continue "Today we are entering a new dimension in the United States," she said in a call with reporters, adding that the acquisition will result in a nationwide American presence in environmental services for Veolia. Veolia is aiming for synergies worth $120 million from the link-up, and for an increase in earnings per share from ongoing operations in year two after the merger. Clean Earth offers a comprehensive array of specialty waste treatment, disposal, and recycling solutions. Veolia, which employs 215,000 employees worldwide, designs and provides solutions for water, waste and energy management. Advertisement - Scroll to Continue dlm/jh/yad The Barron's news department was not involved in the creation of the content above. This article was produced by AFP. For more information go to AFP.com ©
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