Veolia Environnement closes the acquisition of the 50% stake held by FCC in Proactiva

Veolia Environnement announces the closing of the acquisition of the 50% stake held by Fomento de Construcciones y Contratas (FCC) in Proactiva Medio Ambiente. The transaction amounts to €150 million and makes Proactiva a wholly owned Veolia Environnement subsidiary.
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This acquisition will enable Veolia Environnement to consolidate its position in Latin America in water, wastewater services and waste management in accordance with its strategy to develop in fast growing areas.
The transaction will have a neutral impact on Veolia's 2014 leverage ratio objective and will be accretive to net income from 2014, prior to purchase price allocation.
Proactiva will be consolidated in the Group's accounts from December 1, 2013.
 
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Veolia Environnement
Veolia Environnement (Paris Euronext: VIE and NYSE: VE) is the worldwide reference in environmental solutions. With 220,000 employees*, the company has operations all around the world and provides tailored solutions to meet the needs of municipal and industrial customers in three complementary segments: water management, waste management and energy management. Veolia Environnement recorded revenue of €29.4 billion* in 2012.

(*) Excluding VeoliaTransdev employees and revenues currently under divestment (and before implementation of IFRS 10-11-12)

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