Veolia in its $3 billion acquisition of Enviri’s Clean Earth business
On November 21, 2025, Veolia Environment S.A. (Paris Euronext: VIE) and Enviri Corporation (NYSE: NVIRI) announced an agreement for Veolia to acquire Enviri’s Clean Earth business for $3 billion. Shareholders of Enviri will retain ownership of its Harsco Environmental and Harsco Rail business divisions through a taxable spin-off of those businesses into a standalone public company. Present on five continents, Veolia designs and deploys solutions for the management of water, waste and energy, and this transaction will double Veolia’s U.S. hazardous waste footprint.
Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Veolia.