Veolia Environnement signs agreement with NGE for the sale of SADE-CGTH

  • Veolia Environnement agrees to sell SADE-CGTH subsidiary to NGE
  • Sale amounts to 260 million euros in terms of enterprise value
  • SADE-CGTH specializes in civil engineering works and network construction
  • Subsidiary made around EUR1.1 billion in revenue in 2022
  • SADE-CGTH has a workforce of around 6,900 people

Veolia Environnement has signed an agreement to sell its water and infrastructure network subsidiary, SADE-CGTH, to NGE, an independent public works group. The sale is valued at 260 million euros in terms of enterprise value. SADE-CGTH specializes in civil engineering works and network construction, with a focus on water and infrastructure networks. In 2022, the subsidiary generated approximately EUR1.1 billion in revenue. With a workforce of around 6,900 people, this sale marks a significant development for Veolia Environnement and NGE.

Public Companies: Veolia Environnement (N/A), NGE (N/A)
Private Companies: undefined
Key People:

Factuality Level: 9
Justification: The article provides factual information about Veolia Environnement signing an agreement to sell its subsidiary SADE-CGTH to NGE for 260 million euros. It also mentions the subsidiary’s activities, revenue, and workforce, which are verifiable details.

Noise Level: 8
Justification: The article provides basic information about Veolia Environnement’s sale of its subsidiary SADE-CGTH to NGE. However, it lacks in-depth analysis, scientific rigor, and intellectual honesty. It does not explore the consequences of the sale on those who bear the risks or provide actionable insights or solutions. The article stays on topic and provides some evidence and data, but overall, it contains mostly filler content and does not provide a thoughtful analysis of long-term trends or antifragility.

Financial Relevance: Yes
Financial Markets Impacted: Veolia Environnement

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to a financial transaction involving Veolia Environnement, a company in the water and infrastructure sector. There is no mention of any extreme event or its impact.

Reported publicly: www.marketwatch.com