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By Scott Kanowsky
Investing.com -- Shares in Veolia Environnement SA (EPA:VIE) rose by more than 2% on Monday after the French utility announced it had agreed to sell Suez's U.K. waste management business for â¬2.4B to Australia's Macquarie Group (OTC:MQBKY).
The move, which values the unit at 16.9 times its 2021 normalized core earnings, comes as Veolia looks to quell concerns from British antitrust regulators following its planned merger with Suez.
"We are very satisfied with this trans...
>>> Read more: Veolia Shares Move Higher After Suez U.K. Asset Sale Agreed
Investing.com -- Shares in Veolia Environnement SA (EPA:VIE) rose by more than 2% on Monday after the French utility announced it had agreed to sell Suez's U.K. waste management business for â¬2.4B to Australia's Macquarie Group (OTC:MQBKY).
The move, which values the unit at 16.9 times its 2021 normalized core earnings, comes as Veolia looks to quell concerns from British antitrust regulators following its planned merger with Suez.
"We are very satisfied with this trans...
>>> Read more: Veolia Shares Move Higher After Suez U.K. Asset Sale Agreed