Veolia restructures, selling off assets but keeping Israeli environmental and water businesses

French water and waste-management giant Veolia Environment announced this week that it will exit the transport sector as part of a sweeping restructuring plan in which it wants to raise EUR5 billion from asset sales to reduce debt. See the market story here. According to Haaretz, this decision includes  ending  its Israeli operations in the transportation and contracting sectors. BDS campaigners will no doubt claim any minute now that that the Veolia decision is all due to their own heroic campaigning, and a sign that the French company has bought into the “divest from Israel” business, but the Haaretz article goes on to note that the company plans to maintain and even expand its Israeli water and environment businesses. For more context, see Divest This‘ latest post here.

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One response to “Veolia restructures, selling off assets but keeping Israeli environmental and water businesses

  1. Pingback: Not Afraid to Make Money in Israel « BDS Global Digest·

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