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 transaction is structured through a merger and separation framework involving newly formed Enviri holding entities and a Veolia merger subsidiary.

The proxy materials describe a sequence of transactions at closing, including an internal merger where Enviri shares are exchanged for shares of a new holding company, followed by a pre-closing reorganization that places the Clean Earth Business under the holding company while other segments remain in a separate “New Enviri” business. Enviri’s special stockholder meeting is scheduled for May 4, 2026 in a virtual format.