Veolia Restructring, Will Sell 3 UK Water Utilities

World’s largest water utility intent on reducing debt

Veolia Environment SA (Veolia) will sell Veolia Water Central, Southeast & East, three UK water utilities. The company will also sell of its share of Transdev, the Paris-based public transportation company. The sales are part of an overall restructuring initiative at Veolia to reduce debt by twenty percent by the end of 2013. Fitch revised the Outlook on Veolia’s Long-term Issuer Default Rating (IDR) to negative on November 25th following weaker than expected earnings.