Denmark – French waste management and recycling giant Veolia Environnement has sold its 65% stake in Marius Pedersen Group of Denmark for Euro 240 million (US$ 325 million).
According to Veolia, the sale to the Marius Pedersen Foundation is part of its plan to reduce its debt through divesting non-core assets. At the same time, Veolia says it has developed a strategy to refocus its efforts on sectors and geographic regions that bring a higher value for stakeholders.
Marius Pedersen Group provides solid waste management services in Denmark, the Czech Republic and Slovakia. The Marius Pedersen Foundation owns the remaining 35% of the Marius Pedersen Group.
For more information, visit: www.veolia.com