Veolia: about to sell SADE-CGTH to NGE
(CercleFinance.com) - Veolia announces that it has signed an agreement for the acquisition, by NGE, an independent civil engineering group, of SADE-CGTH, its subsidiary specialising in the construction and rehabilitation of water and infrastructure networks, for an enterprise value of E260m.
SADE's activities, which are focused on civil engineering works and network construction, mainly in the water sector, represented annual sales of around E1.1bn in y 2022. It has a workforce of about 6,900 employees.
The agreement is evidenced by a unilateral promise to purchase, which should enable the parties to complete the deal, which remains subject to consultation with employee representative bodies and to obtaining the necessary regulatory approvals.
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