Société Régionale Multiservices Casablanca-Settat signed an agreement to acquire an unknown minority stake in Lydec S.A. from Veolia Environnement SA (ENXTPA:VIE) on July 5, 2024. The anticipated disposal of Lydec has no impact on Veolia's 2024 financial guidance or on the objectives of Veolia's GreenUp strategic plan. Following this transaction, Veolia will remain a major partner of the Kingdom, present in particular in water and electricity distribution through its contracts in Rabat, Tangiers and Tetouan.

The transaction is expected to close by the end of 2024, once all the necessary administrative approvals have been obtained.