Energy services firm Dalkia to be split between EDF and Veolia

French energy firm EDF and water and waste company Veolia Environnement are about to conclude a deal to split Dalkia, their jointly owned energy services firm.

EDF (Euronext: EDF) will acquire Dalkia’s French business, while Veolia will acquire Dalkia International, which develops biomass and combined heat and power projects worldwide.

Dalkia
Veolia Environnement currently owns 66% of Dalkia, while EDF owns the rest. The deal will include a cash payment to EDF of €550 million (US$759 million) to make up the difference in value between the two companies’ stakes.

Dalkia’s revenues for 2012 amounted to €3.8 billion from its French business and €3.7 billion from its international business. 

The deal will also end a court case pending before the Commercial Court in Paris, in which EDF sued Veolia in October 2012 for failure to implement a previously agreed 50-50 split in ownership.

For more CHP business news



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...