Veolia Environnement: EUR750m of bonds repurchased

News published on December Friday 14, 2012
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Veolia announced it repurchased bonds for the nominal equivalent of EUR750m. As they traded above par, we estimate a EUR40-50m charge (representing the premium paid) will have to be incurred in the 2012 accounts. More importantly, over the 2013-18 period, we believe this will be ~4.0%+ EPS accretive p.a. in average.

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