Veolia Completes Sale of Sulfuric Acid Regeneration Division in North America

Wednesday, 31 July 2024, 06:41

Veolia, the French environmental services group, has agreed to divest its sulfuric acid regeneration business in North America to American Industrial Partners for $620 million. This move is part of Veolia's strategy to streamline operations by selling non-core assets. The sold division reported a revenue of $350 million in 2023, allowing Veolia to focus on its primary business areas.
Yahoo Finance
Veolia Completes Sale of Sulfuric Acid Regeneration Division in North America

Overview

Veolia has announced the sale of its sulfuric acid regeneration business in North America. The company has made this strategic decision to focus on its core operations by divesting non-priority assets.

Details of the Sale

  • Buyer: American Industrial Partners
  • Enterprise Value: $620 million
  • Revenue of Sold Division: $350 million in 2023

Conclusion

This divestment aligns with Veolia's ongoing strategy to enhance operational efficiency and reallocate resources toward its main business initiatives.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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