Veolia Environnement: sells its entire stake in Lydec

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Euronext Paris

17:35:55 05/07/2024

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08:21:54

29,48
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29,28

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July 08, 2024 at 08:05

In accordance with the commitments made to the Moroccan competition authorities, Veolia has reached an agreement with the Moroccan authorities for the sale to Société Régionale Multiservices Casablanca-Settat of its entire stake in Lydec, acquired during the takeover of Suez in 2022. Lydec provides delegated public service management for the distribution of drinking water, electricity, sanitation and public lighting for the city of Casablanca and its region.

The anticipated sale of Lydec has no impact on the 2024 financial guidance or on the objectives of Veolia’s GreenUp strategic plan.

The financial closing of the transaction is expected to occur by the end of 2024 after all necessary administrative approvals have been received.

Following this operation, Veolia will remain present in Morocco, particularly in water and electricity distribution activities, thanks to its contracts in Rabat, Tangier and Tetouan.

© AOF – 2024

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Duration Auto. 2 months 3 months 6 months 9 months 1 an 2 ans 5 ans 10 ans Max.

Period Jour Week

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Veolia Environnement is the world leader in environmental services. Revenue breaks down by activity as follows: – water-related services (40.6%; world leader): water resource management, drinking water distribution and delivery, wastewater collection, treatment and recovery, engineering, design and construction services for water treatment facilities, customer relationship management, etc.; – waste management services (32.4%; world leader): collection, treatment and recycling of liquid, solid, ordinary and hazardous waste, waste treatment and recovery through composting, waste-to-energy recovery, etc. Veolia Environnement also offers urban cleaning services (maintenance and cleaning of public spaces, mechanized street cleaning and facade treatment services), upkeep and maintenance of industrial sites, and dismantling of industrial facilities and end-of-life equipment; – energy services (27%; No. 1 in Europe): delegated management of urban heating and air conditioning networks, management of thermal, multi-technical services (operation of thermal systems, design, construction and maintenance of installations, etc.) and industrial services (analysis of industrial processes, operation, maintenance and servicing of production equipment), global management of buildings and public lighting. The geographical distribution of turnover is as follows: France (21.5%), Europe (41.9%), North America (7.4%), Asia (5.6%), Africa and the Middle East (4.9%), Pacific (4.3%), Latin America (4%) and others (10.4%).

More information about the company

Sale

Purchase

Average recommendation

ACHETER

Last Closing Price

29,48
EUR

Average Course Target

34,96
EUR

Deviation / Average Target

+18,58 %

Consensus

Varia. Jan 1

Capi.

+3,22 % 22,85 Md
-17,43 % 88,46 Md
+42,31 % 71,31 Md
-.–% 51,55 Md
+1,87 % 48,18 Md
-10,23 % 37,46 Md
+21,13 % 36,89 Md
+1,69 % 34,93 Md
-18,41 % 27,06 Md
+1,14 % 20,22 Md

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