{"id":85214,"date":"2024-07-08T00:00:00","date_gmt":"2024-07-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/"},"modified":"2024-07-08T00:00:00","modified_gmt":"2024-07-08T00:00:00","slug":"veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/","title":{"rendered":"Veolia sells entire stake in Moroccan utilities firm Lydec"},"content":{"rendered":"

French waste and water management company <\/strong>Veolia<\/a><\/strong> is <\/strong>selling its entire stake in the Casablanca-based utility firm <\/strong>Lydec<\/a><\/strong> to Soci\u00e9t\u00e9 R\u00e9gionale Multiservices Casablanca-Settat<\/strong>, according to a statement (pdf)<\/a> released on Friday. Veolia acquired Morocco\u2019s Lydec in its EUR 13 bn merger<\/a> with French water and waste management company Suez<\/a> in 2022. The sale is expected to close by the end of the year pending regulatory approvals.<\/p>\n

Behind the decision:<\/strong> Veolia was fined USD 10 m by Morocco\u2019s Competition Council back in January after the council accused the firm of monopolizing water and electricity services in major cities including Casablanca, Rabat, and Tangier, <\/span>Morocco World News<\/a> reported earlier this year. Utility firms including Lydec, <\/span>Redal<\/a>, and <\/span>Amendis<\/a> were accused of facilitating Veolia\u2019s move which broke the country\u2019s competition laws. Veolia\u2019s merger with Suez was contingent on the divestment of certain assets including Lydec, for which Veolia was given a month to find a buyer for.<\/span><\/p>\n

About Lydec: <\/strong>Founded in 1995 as part of Suez, the company manages water and electricity distribution, wastewater and rainwater collection in Casablanca, Morocco, according to their website<\/a>.<\/p>\n

Veolia has other projects in Morocco: <\/strong>The firm is also working with French automaker Renault, which started producing EVs<\/a> at its Tangier plant in 2023, to create the world\u2019s first car manufacturing plant<\/a> with zero carbon emissions and zero industrial liquid discharge in Morocco. <\/p>\n","protected":false},"excerpt":{"rendered":"

The sale is expected to close by the end of the year pending regulatory approvals.<\/p>\n","protected":false},"author":1,"featured_media":85215,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2016],"tags":[11,79,45,455],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-enterpriseclimate","tag-ma-watch","tag-morocco","tag-veolia","wpautop","entry"],"acf":{"mongo_id":"59d17346-0d0c-4af6-991c-34a023393347","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/489.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Veolia sells entire stake in Moroccan utilities firm Lydec","related_issue":[85209],"teaser":"The sale is expected to close by the end of the year pending regulatory approvals.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.64a3764f-018c-40d7-b22a-07dbc428abd1.mp3"},"yoast_head":"\nVeolia sells entire stake in Moroccan utilities firm Lydec - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Veolia sells entire stake in Moroccan utilities firm Lydec\" \/>\n<meta property=\"og:description\" content=\"The sale is expected to close by the end of the year pending regulatory approvals.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-08T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/489.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Veolia sells entire stake in Moroccan utilities firm Lydec\",\"datePublished\":\"2024-07-08T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/\"},\"wordCount\":237,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/489.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseClimate\",\"M&A WATCH\",\"Morocco\",\"Veolia\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/\",\"name\":\"Veolia sells entire stake in Moroccan utilities firm Lydec - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/489.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-07-08T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/489.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/489.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Veolia sells entire stake in Moroccan utilities firm Lydec\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Veolia sells entire stake in Moroccan utilities firm Lydec - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/","og_locale":"en_US","og_type":"article","og_title":"Veolia sells entire stake in Moroccan utilities firm Lydec","og_description":"The sale is expected to close by the end of the year pending regulatory approvals.","og_url":"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/","og_site_name":"Climate","article_published_time":"2024-07-08T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/489.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Veolia sells entire stake in Moroccan utilities firm Lydec","datePublished":"2024-07-08T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/"},"wordCount":237,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/489.jpg?fit=%2C&ssl=1","keywords":["EnterpriseClimate","M&A WATCH","Morocco","Veolia"],"articleSection":["M&A WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/","url":"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/","name":"Veolia sells entire stake in Moroccan utilities firm Lydec - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/489.jpg?fit=%2C&ssl=1","datePublished":"2024-07-08T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/489.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/489.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/veolia-sells-entire-stake-in-moroccan-utilities-firm-lydec\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"Veolia sells entire stake in Moroccan utilities firm Lydec"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/489.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/489.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/489.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pgVl2y-maq","_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/85214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/comments?post=85214"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/85214\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/85209"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/85215"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=85214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=85214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=85214"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/brand?post=85214"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=85214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}