NGE SAS signed an agreement to acquire SADE CGTH from Veolia Environnement SA (ENXTPA:VIE) on November 27, 2023. The amount of the sale, in terms of enterprise value, is ?260 million. SADE's activities are focused on civil engineering works and network construction, mainly in the water sector and represent annual revenue of around ?1.1 billion in 2022. Jérôme Brosset and Jean-Damien Boulanger August Debouzy and Joël Grangé and Marine Conche from Flichy Grangé Avocats acted as legal advisors to Veolia Environnement SA (ENXTPA:VIE). Thomas Picot from Tactics acted as legal advisor to Veolia Environnement SA (ENXTPA:VIE). CMS Francis Lefebvre Avocats acted as legal advisor and advised on the corporate/M&A, tax, competition and financing aspects to NGE SAS.

NGE SAS completed the acquisition of SADE CGTH from Veolia Environnement SA (ENXTPA:VIE) on March 4, 2024.