Veolia Environnement announces that its subsidiary Veolia Transport has finalized the sale of Veolia Cargo to Transport Ferroviaire Holding (SNCF group) and Europorte (Eurotunnel group).
Europorte is acquiring Veolia Cargo's businesses in France, while Transport Ferroviaire Holding is acquiring those in Germany, the Netherlands and Italy.
The sale of Veolia Cargo is worth €103 million and is part of the €1 billion asset disposal program announced in March 2009.
Veolia Environnement (Paris Euronext: VIE and NYSE: VE) is the worldwide reference in environmental services. With more than 330,000 employees the company has operations all around the world and provides tailored solutions to meet the needs of municipal and industrial customers in four complementary segments: water management, waste management, energy management and freight and passenger transportation. Veolia Environnement recorded revenue of €36,2 billion in 2008. www.veolia.com
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