Veolia sells UK-regulated water activities to Rift Acquisitions

Veolia Water UK has agreed to sell the UK-regulated water activities of Veolia Environnement to Rift Acquisitions for £1.2bn.

Following completion of this transaction, Veolia Environnement’s net debt will be reduced by around £1.165bn (€1.45bn).

Veolia Environnement will retain, in addition to its non-regulated water business, an interest in the UK-regulated water business through Veolia Water UK’s retained 10 per cent equity interest in the divested business for a period of at least five years.