New Enviri Launches as Standalone Public Company; Sale of Clean Earth Completed
Enviri II Corporation (NVRI) has completed its spin-off as a standalone public company, immediately following the sale of its Clean Earth subsidiary to Veolia Environnement SA. Shareholders received one share of New Enviri for every three shares of the legacy company, plus $15.00 in cash per share. Regular way trading begins June 2, 2026, under the ticker NVRI. The new entity, led by CEO Russell Hochman, operates through Harsco Environmental and Harsco Rail segments.
Key figures
- Revenue
- 1245000000
- Spin ratio
- 1:3
- Adjusted ebitda
- 140000000
- Net debt to ebitda
- 2.0x
- Harsco rail revenue
- 227000000
- Harsco enviro ebitda
- 175000000
- Harsco enviro revenue
- 1018000000
- Cash consideration per share
- 15
AI analysis
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