Veolia sells its stake in Lydec to SRM Casablanca-Settat

Hibapress

The Veolia group, majority shareholder of Lydec, has concluded an agreement to sell its stake in Lydec to the Société Régionale Multiservices (SRM) Casablanca-Settat.

“Lydec informs the public and the company’s stakeholders that its majority shareholder, the Veolia group, has announced that it has reached an agreement with the relevant Moroccan authorities for the sale to SRM Casablanca-Settat of its entire stake in Lydec, acquired during Veolia’s takeover of Suez in 2022,” Lydec said in a press release.

The transaction is expected to close by the end of 2024 after all necessary administrative approvals have been received, the same source said.