This review reinforces the capacity and flexibility of Veolia to position itself on the best growth opportunities, where the Group can bring the most added value, and in coherence with the next strategic plan to be presented early 2020.
It is within this framework that the Group, through its subsidiary Veolia Energy North America Holdings, Inc, has sold to Antin Infrastructure Partners, on July 31st 2019, its district energy assets: steam, hot and chilled water and electricity production plants, including cogeneration, and 13 networks in 10 US cities.
An investment fund dedicated to infrastructure, Antin Infrastructure Partners has invested over 5 billion euros in 24 companies in 12 years of existence. Antin Infrastructure Partners is notably the owner since 2018 of Idex, which operates around 40 heating and cooling networks in France.
This transaction is submitted to the approval of the authorities and its closing is expected in the fourth quarter of 2019.
This sale foreshadows the expected future strategic plan which should enable Veolia to accelerate in strong growth and profitability potential selected sectors.
Press release: Paris, July 31, 2019 - Veolia to sell its district energy assets in the United States for USD 1.25 billion.