Veolia to acquire the remaining 30% stake in Veolia Water Technologies & Solutions from CDPQ for $1.75bn.

Veolia, an environmental management services provider, agreed to acquire the remaining 30% stake in Veolia Water Technologies & Solutions from CDPQ, an institutional investor, for $1.75bn. "This acquisition marks a pivotal step in unlocking the full value potential of Water Technologies, a growth booster identified as a priority in our GreenUp strategic plan, and a segment where we are already a market leader. Full ownership will enable us to accelerate growth, enhance operational efficiency and synergies as well as deepen the alignment with strategic priorities. This move is especially crucial given the urgent and rapidly evolving needs of the market, allowing us to respond faster and more effectively to emerging opportunities and challenges," Estelle Brachlianoff, Veolia CEO.