Enviri Completes $3.04B Clean Earth Sale to Veolia, Reduces Debt
Reported by Dow Jones Newswires
Sentiment
Positive
Importance
9
Price
0
Mkt Cap
0
52W Low
0
52W High
0
Market data snapshot near publication time
Summary
Enviri Corp. has completed the sale of its Clean Earth business to Veolia for an aggregate consideration of $3.04 billion. The complex transaction involved a distribution where Enviri stockholders received shares of CLEH and New Enviri, followed by CLEH's merger into a Veolia subsidiary. Proceeds from the sale were primarily used to repay Enviri's indebtedness and terminate an AR facility, significantly strengthening the company's balance sheet. This strategic disposition allows Enviri to focus on its remaining Harsco Rail business.
This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.
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Jun 01, 2026, 5:16 PM EDT