28.10.2013 10:32:32
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EDF, Veolia Strike Deal On Dalkia Ownership: Report
(RTTNews) - French utility group Electricité de France S.A. or EDF (EDFEF.PK, ECIFF.PK), and French waste and water utility Veolia Environnement SA (VE) have agreed on a deal over the ownership of their energy-generation joint venture Dalkia, French daily paper Le Figaro reported, citing people familiar with the deal.
As a part of the deal, Veolia will pay to EDF 550 million euros or $759 million, and will take over the venture's international business, while EDF will take over the French activities of Dalkia.
Dalkia was started by both the companies, and specializes in local energy generation and distribution, notably for municipal services such as hospitals. At that time, Veolia owned 66 percent of Dalkia International and Dalkia France was owned equally by EDF and Veolia.
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