Veolia obrained a contract for water purification of A$ 800 million (about 800 million US$) in Australia.
This company gets large contracts for highly specialised services while it is reducing steadily its debts following a well constructed plan.
In the mean time dividend (close to 7 % of the current price) is just around the corner in June
I heard Hillary Kramer discuss this company over 1 year ago on the PBS Nightly Business Report and have been accumulating shares, despite its poor share price performance. When one can earn above a 5% dividend, even after French 15% witholdings, with a firm with this size and gravitas in key areas of energy, environment, water(doesn't get much more basic than this), I'll take it in this low interest rate environment. VE is a permanent holding.