Veolia Completes €690 Million Sale of Hazardous Waste Assets in France

Cleary Gottlieb represented Veolia Environnement (Veolia), the global leader in environmental services, in its successful c. €690 million sale of certain hazardous waste assets in France to Suez (also known as New Suez), a company owned by Meridiam (40%), Global Infrastructure Partners (40%), French Caisse des dépôts et consignations (12%), and CNP Assurances (8%).

This transaction was one of the remedies that was approved by the European Commission in order to preserve competition in environmental services following the combination of Veolia and Suez.

This transaction closed on November 30, 2022.