|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||25.54 - 26.00|
|52-week range||23.78 - 37.80|
|Beta (5Y monthly)||0.99|
|PE ratio (TTM)||165.45|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||08 Oct 2021|
|1y target est||N/A|
(Bloomberg) -- Veolia Environnement SA aims to raise more than £2 billion ($2.4 billion) from the sale of Suez SA’s waste activities in Britain, which it is undertaking in an effort to appease the UK’s antitrust authority, people with knowledge of the matter said. Most Read from BloombergChina Says It May Have Detected Signals From Alien CivilizationsStocks Jump as Powell Soothes Wall Street’s Nerves: Markets WrapFed Hikes 75 Basis Points; Powell Says 75 or 50 Likely in JulyWorld’s Central Banks
French utility Veolia said on Thursday it was proposing to sell off Suez's UK waste business, after Britain's Competition and Markets Authority (CMA) raised objections to the Veolia/Suez combination. "In order to terminate this long period of waiting, but above all to be able to fully focus on the creation of the world champion, in the United Kingdom as elsewhere in the world, Veolia has informed the CMA on Monday of its intention to sell all of Suez's waste activities in the country," said Veolia.
The collaboration, under which recycled plastics will be used in instrument panels, door panels and centre consoles in cars across Europe, will reduce Faurecia's carbon footprint, helping it advance its CO2 neutrality plan, and expand Veolia's product range to vehicle interiors. "The use of recycled plastics is one of the key challenges for the ecological transformation of the automotive industry ... Today, automotive interiors are mostly made of virgin material," the companies said in the statement.