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 aggregate cash consideration of $3.04 billion, subject to customary adjustments. The transaction was announced as a multi-step process under a Merger Agreement and a Separation Agreement.

Under the planned sequence, Enviri will merge with a newly formed subsidiary, then a pre-closing reorganization will position the Clean Earth Business under CE Holdings, while the remaining Enviri business segments will be held by a new entity (New Enviri). The proxy statement describes the Clean Earth sale as part of a broader separation and distribution structure.