MARKET TALK: Veolia Assets Buy Surprising -Cheuvreux

14th Jun 2010 10:09

0909 GMT [Dow Jones] Veolia Environnement (VE) acquiring some United Utilities (UU.LN) assets is "a surprising move," as the French company has latterly been focused rather on asset disposals, says Cheuvreux. Nevertheless, the brokerage says even though the size of the transaction is small, it is not expected that Veolia will return to an acquisitive stance in the short term. Underperformn rating, EUR22.50 target. Shares +1.7% to EUR21.29. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 14, 2010 05:09 ET (09:09 GMT)