Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Valéo    FR   FR0013176526


News SummaryMost relevantAll newsSector newsTweets 

Veolia Picks Potential Buyers For UK Water, US Solid Waste Units

share with twitter share with LinkedIn share with facebook
share via e-mail
05/16/2012 | 07:00pm CET

Antoine Frerot, Chief Executive of French waste and water utility Veolia Environnement SA (VE), said it has selected potential buyers for its U.K. water and U.S. solid waste units, without identifying any.

During the company's annual shareholders meeting, Frerot said the company plans to sell the assets this summer. He also said the company started negotiations with an investor to sell its transportation unit Veolia Transdev since February, though he didn't identify the investor either.

People familiar with the negotiations recently told Dow Jones Newswires three groups submitted indicative offers for the U.K. and U.S. units. First group is led by AXA Private Equity, while the second is led by GS Infrastructure Partners, a unit of Goldman Sachs Group Inc. (GS), and the third is led by London-based Icon Infrastructure.

The company's Chief Executive said he doesn't expect the company will post a net loss in 2012, though this year and next will be "demanding."

Veolia's Chief Financial Officer Pierre-Francois Riolacci said the company has managed to cut its costs by EUR75 million this year.

Separately, Veolia's shareholders appointed Jacques Aschenbroich, the chief executive of auto part maker Valeo SA (>> VALEO), as Veolia's board member.

-By Inti Landauro, Dow Jones Newswires; +33 1 4017 1740; inti.landauro@dowjones.com

Stocks mentioned in the article : VALEO
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on VALÉO
01/16 VALEO : Announces the successful completion of the ichikoh takeover bid launched..
01/13 VALEO : announces the successful completion of the Ichikoh takeover bid...
01/09DJDELPHI AUTOMOTIVE : Car Suppliers Vie for Major Role in Self-Driving Boom
01/08 Automakers, suppliers team up to share costs of self-driving cars
01/05 VALEO : Company to fill 100 jobs for Hamilton auto supplier
01/05 VALEO : Announces the outcome of its 500 million euro bond issue with maturity i..
01/04 VALEO : announces the outcome of its 500 million euro bond issue with...
01/04 VALEO : announces the world reveal of five major innovations at CES Las...
2016 VALEO : Just 40 days left to register to create the world's next automotive marv..
2016 VALEO : Has obtained approval from the japanese competition authority to take th..
More news
Sector news : Auto, Truck & Motorcycle Parts - NEC
01/19 Takata bidders plan court-led turnaround for Japan business
01/19 Takata bidders plan court-led turnaround for Japan business - source
01/13 Takata shares surge on news of settlement for U.S. govt air bag probe
01/12 MAGNA INTERNATIONAL : to build car paint shop in Slovenia, create 400 jobs
01/09DJDELPHI AUTOMOTIVE : Car Suppliers Vie for Major Role in Self-Driving Boom
More sector news : Auto, Truck & Motorcycle Parts - NEC
News from SeekingAlpha
01/13 HELLA : An Underfollowed Value Company With High Visibility
01/12 European auto names hit by Fiat news
2016 Ongoing Outperformance At Valeo Continues To Build Value
2016 Wall Street's Skepticism About BorgWarner's Future May Still Mean Opportunity
Financials (€)
Sales 2016 16 280 M
EBIT 2016 1 258 M
Net income 2016 874 M
Debt 2016 745 M
Yield 2016 2,09%
P/E ratio 2016 15,02
P/E ratio 2017 13,04
EV / Sales 2016 0,86x
EV / Sales 2017 0,77x
Capitalization 13 272 M
More Financials
Duration : Period :
Valéo Technical Analysis Chart | FR | FR0013176526 | 4-Traders
Full-screen chart
Technical analysis trends VALÉO
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 24
Average target price 55,0 €
Spread / Average Target -0,85%
Consensus details
EPS Revisions
More Estimates Revisions
Jacques Aschenbroich Chairman & Chief Executive Officer
Christophe Périllat-Piratoine Chief Operating Officer
Robert Charvier Chief Financial Officer
Jean-François Tarabbia SVP-Product Marketing, Research & Development
Pascal Colombani Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
VALÉO1.74%14 169
DENSO CORP-0.45%34 712
HYUNDAI MOBIS CO., LTD..--.--%23 081
More Results