Veolia’s shares went up by about two and a half percent on Monday. This happened after the French company announced that it is buying Clean Earth. Clean Earth is the hazardous waste division of Enviri. Many analysts think this is a smart move.
People who follow the market say this deal matches Veolia’s plan to grow more in the United States. They believe the company is taking a strong step toward expanding its reach.
A Deutsche Bank analyst named Olly Jeffery also shared a positive view. He still recommends buying Veolia’s stock and has a price target of thirty two euros. He said this big US deal fits well with what Veolia wants to achieve.
Clean Earth handles hazardous waste. By adding this business, Veolia strengthens its role in environmental services and becomes even more active in the waste management sector.