Law360, New York (July 19, 2012, 12:09 PM ET) -- Veolia Environnement SA will shed its Chicago-based solid waste management business in a $1.9 billion deal with private equity firm Highstar Capital, bringing the French utility closer to its goal of dropping €5 billion ($6.1 billion) in assets through 2013, Veolia said Thursday.
Highstar, which targest infrastructure investments, will take over the solid waste division of Veolia Environmental Services North America through its subsidiary, Star Atlantic Waste Holdings LP. Veolia will hang onto its U.S. hazardous waste and industrial services branches.
The U.S. solid waste operations...
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