Veolia: BlackRock falls back below 5% of voting rights
December 28, 2023 at 01:44 am EST
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BlackRock, acting on behalf of clients and funds, has declared to the AMF that on December 22 it crossed back below the threshold of 5% of Veolia's voting rights and now holds 5.11% of the capital and 4.99% of the voting rights of the public services group.
The U.S. asset management giant explained that this threshold crossing was the result of an off-market sale of Veolia shares and a reduction in the number of shares held as collateral.
On December 21, BlackRock had exceeded the threshold of 5% of Veolia's voting rights, holding 5.20% of the capital and 5.08% of the voting rights, following an increase in the number of shares held as collateral.
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Veolia Environnement is the world leader in environmental management services. Net sales break down by activity as follows:
- water-related services (40.6%; No. 1 worldwide): water resources management, drinking water distribution and delivery, wastewater collection, treatment and recovery, engineering, design, construction of water treatment facilities and customer relationship management, etc.;
- waste management services (32.4%; no. 1 worldwide): collection, treatment and recycling of liquid, solid, non-hazardous and hazardous waste, waste treatment and recovery through composting, energy recovery from waste, etc. Veolia Environnement also provides urban waste management services (maintenance and cleaning of public spaces, provision of mechanized street cleaning and façade treatment services), maintenance of industrial sites, and dismantling of industrial facilities and equipment at the end of their useful life;
- energy services (27%; No. 1 in Europe): delegated management of urban heating and air conditioning networks, management of thermal and multi-technique services (operation of heating systems, facility design, construction, and maintenance, etc.) and industrial services (industrial process analysis, production equipment operation, service, and maintenance), general management of buildings and public lighting.
Net sales are distributed geographically as follows: France (21.5%), Europe (41.9%), North America (7.4%), Asia (5.6%), Africa and the Middle East (4.9%), Pacific (4.3%), Latin America (4%) and other (10.4%).
VEOLIA ENVIRONNEMENT 
