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Veolia: Oddo welcomes divestments in UK

(CercleFinance.com) - Oddo BHF maintains its "outperform" rating on Veolia shares, along with its target price of 43.
4 euros, confirming its positive rating following the official sale of the waste management activities in the UK from the scope of the Suez acquisition.

The speed of execution of this transaction demonstrates the group's commitment to rapidly and fully finalising the consequences of the group's acquisition of Suez, while creating value for its shareholders and regaining financial flexibility, the analyst said.

The share's current valuation is lower than the target price analysts had before Suez assets were bough. Analysts believe that the new Veolia is better placed than ever to capture the opportunities of the ecological transition, they add.


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