PARIS, July 31 (Reuters) - French group Veolia
said it had agreed to sell its sulfuric acid regeneration
business in North America to private equity firm American
Industrial Partners for an enterprise value (EV) of $620
million.
The disposal of Veolia North America Regeneration Services,
which includes its sulfuric acid and hydrofluoric acid
regeneration activities for refineries, forms part of Veolia's
strategy to part with non-priority assets to free up resources
for core businesses, said the company.
The division being sold generated a 2023 revenue of $350
million.