Veolia to Buy Enviri Clean Earth for $3.04B

Enviri Corporation entered into definitive agreements with Veolia Environnement S.A. to sell Enviri’s Clean Earth business for an aggregate cash consideration of $3.04 billion, subject to customary adjustments.

The proxy materials describe a multi-step transaction structure, including a merger involving a newly formed Delaware subsidiary of Enviri, a pre-closing reorganization, and subsequent distribution steps tied to the separation of the Clean Earth Business from Enviri’s other segments.

Enviri also scheduled a special meeting of stockholders for May 4, 2026 at 9:00 AM Eastern Time in a virtual format.