Enviri Sells Clean Earth to Veolia and Spins Off New Enviri Shares
Enviri Corporation plans to sell its Clean Earth business to Veolia by mid-2026 and spin off its Harsco Environmental and Rail businesses. Shareholders will receive 0.33 shares of New Enviri for each Enviri share. Approximately 28 million New Enviri shares will be outstanding. The move aims to strengthen capital structure and enhance business opportunities without incurring material cash tax expenses.
Enviri Corporation is proceeding with the sale of its Clean Earth business, with the transaction expected to close in mid-2026. As part of the process, Enviri will spin off its Harsco Environmental and Rail businesses to its shareholders, who will receive 0.33 shares of the newly formed New Enviri for each Enviri share they hold. Following the transaction, approximately 28 million New Enviri shares are anticipated to be outstanding, with corporate costs set to be right-sized. Company leadership highlighted that this move will support a stronger capital structure and enhance opportunities for both businesses, while emphasizing continued commitments to integrity, safety, sustainability, and innovation. The transactions are not expected to result in any material cash tax expense to Enviri or New Enviri. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Enviri Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9580182-en) on November 21, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
