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Tag: Veolia

  • Veolia to launch a shareholding plan reserved for employees

    Veolia to launch a shareholding plan reserved for employees

    Veolia Environnement announces the launch of a new shareholding plan for the group’s employees. This plan is offered to approximately 140.000 employees.

    The settlement and delivery of the new shares shall take place on December 17, 2020.

    This shareholding plan is part of the group’s policy of developing employee shareholding within the company.

    Through this plan, Veolia intends to associate its employees in France and abroad with the group’s development even more closely, by offering them the possibility of subscribing directly or indirectly for Veolia Environnement shares.

    The offer concerns a maximum nominal amount of 56.726.653 Euros (i.e. approximately 2% of the share capital).

    The new shares will carry current dividend right.

  • Veolia successfully issues a 12-year bond for EUR 500 million

    Veolia successfully issues a 12-year bond for EUR 500 million

    • Veolia took advantage of a constructive market window to issue EUR 500 million bond with a January 2032 maturity.
    • This bond bears a coupon of 0.80 % and was issued at par.

    The oversubscription ratio was over 8, which enabled Veolia to materially improve the issuing rate and achieve a final pricing which was 10 basis point lower than the secondary market.

    The high oversubscription rate, the quality of the investors in the order book, their good diversification (over 210 orders from Europe and Asia) and the good conditions which were achieved are signals of the significant appreciation of Veolia’s credit quality.

    The proceeds of this issuance will be used for Corporate General Purposes, and in particular as an anticipation of the maturity of some bonds happening at the end of 2020 and early 2021.

    In 2019, the Veolia group supplied 98 million people with drinking water and 67 million people with wastewater service, produced nearly 41 million megawatt hours of energy and converted 50 million metric tons of waste into new materials and energy.