Veolia Environnement to acquire a 5% stake in Criteriacaixa Group for €1bn.

Veolia Environnement, a French transnational company with activities in three main service and utility areas traditionally managed by public authorities – water management, waste management and energy services, agreed to acquire a 5% stake in Criteriacaixa Group, an investment holding company, for €1bn. “We are delighted to welcome our new shareholder CriteriaCaixa, a company that we know well, to our Board of Directors. Veolia is convinced that through this investment, the friendly commitment of this major ally in support of our strategic plan and our independence will create shared opportunities and have a very positive impact on the Group's development’.” Antoine Frerot, Veolia Environnement Chairman.