Citizens' Oversight Maryland---Maryland Progressives
CINDY WALSH FOR MAYOR OF BALTIMORE----SOCIAL DEMOCRAT
Citizens Oversight Maryland.com
  • Home
  • Cindy Walsh for Mayor of Baltimore
    • Mayoral Election violations
    • Questionnaires from Community >
      • Education Questionnaire
      • Baltimore Housing Questionnaire
      • Emerging Youth Questionnaire
      • Health Care policy for Baltimore
      • Environmental Questionnaires
      • Livable Baltimore questionnaire
      • Labor Questionnnaire
      • Ending Food Deserts Questionnaire
      • Maryland Out of School Time Network
      • LBGTQ Questionnaire
      • Citizen Artist Baltimore Mayoral Forum on Arts & Culture Questionnaire
      • Baltimore Transit Choices Questionnaire
      • Baltimore Activating Solidarity Economies (BASE)
      • Downtown Partnership Questionnaire
      • The Northeast Baltimore Communities Of BelAir Edison Community Association (BECCA )and Frankford Improvement Association, Inc. (FIA)
      • Streets and Transportation/Neighbood Questionnaire
      • African American Tourism and business questionnaire
      • Baltimore Sun Questionnaire
      • City Paper Mayoral Questionnaire
      • Baltimore Technology Com Questionnaire
      • Baltimore Biker's Questionnair
      • Homewood Friends Meeting Questionnaire
      • Baltimore Historical Collaboration---Anthem Project
      • Tubman City News Mayoral Questionnaire
      • Maryland Public Policy Institute Questionnaire
      • AFRO questionnaire
      • WBAL Candidate's Survey
  • Blog
  • Trans Pacific Pact (TPP)
  • Progressive vs. Third Way Corporate Democrats
    • Third Way Think Tanks
  • Financial Reform/Wall Street Fraud
    • Consumer Financial Protection Bureau >
      • CFPB Actions
    • Voted to Repeal Glass-Steagall
    • Federal Reserve >
      • Federal Reserve Actions
    • Securities and Exchange Commission >
      • SEC Actions
    • Commodity Futures Trading Commission >
      • CFTC Actions
    • Office of the Comptroller of the Currency >
      • OCC Actions
    • Office of Treasury/ Inspector General for the Treasury
    • FINRA >
      • FINRA ACTIONS
  • Federal Healthcare Reform
    • Health Care Fraud in the US
    • Health and Human Services Actions
  • Social Security and Entitlement Reform
    • Medicare/Medicaid/SCHIP Actions
  • Federal Education Reform
    • Education Advocates
  • Government Schedules
    • Baltimore City Council
    • Maryland State Assembly >
      • Budget and Taxation Committee
    • US Congress
  • State and Local Government
    • Baltimore City Government >
      • City Hall Actions
      • Baltimore City Council >
        • Baltimore City Council Actions
      • Baltimore Board of Estimates meeting >
        • Board of Estimates Actions
    • Governor's Office >
      • Telling the World about O'Malley
    • Lt. Governor Brown
    • Maryland General Assembly Committees >
      • Communications with Maryland Assembly
      • Budget and Taxation Committees >
        • Actions
        • Pension news
      • Finance Committees >
        • Schedule
      • Business Licensing and Regulation
      • Judicial, Rules, and Nominations Committee
      • Education, Health, and Environmental Affairs Committee >
        • Committee Actions
    • Maryland State Attorney General >
      • Open Meetings Act
      • Maryland Courts >
        • Maryland Court System
    • States Attorney - Baltimore's Prosecutor
    • State Comptroller's Office >
      • Maryland Business Tax Reform >
        • Business Tax Reform Issues
  • Maryland Committee Actions
    • Board of Public Works >
      • Public Works Actions
    • Maryland Public Service Commission >
      • Public Meetings
    • Maryland Health Care Commission/Maryland Community Health Resources Commission >
      • MHCC/MCHRC Actions
    • Maryland Consumer Rights Coalition
  • Maryland and Baltimore Development Organizations
    • Baltimore/Maryland Development History
    • Committee Actions
    • Maryland Development Organizations
  • Maryland State Department of Education
    • Charter Schools
    • Public Schools
    • Algebra Project Award
  • Baltimore City School Board
    • Charter Schools >
      • Charter Schools---Performance
      • Charter School Issues
    • Public Schools >
      • Public School Issues
  • Progressive Issues
    • Fair and Balanced Elections
    • Labor Issues
    • Rule of Law Issues >
      • Rule of Law
    • Justice issues 2
    • Justice Issues
    • Progressive Tax Reform Issues >
      • Maryland Tax Reform Issues
      • Baltimore Tax Reform Issues
    • Strong Public Education >
      • Corporate education reform organizations
    • Healthcare for All Issues >
      • Universal Care Bill by state
  • Building Strong Media
    • Media with a Progressive Agenda (I'm still checking on that!) >
      • anotherangryvoice.blogspot.com
      • "Talk About It" Radio - WFBR 1590AM Baltimore
      • Promethius Radio Project
      • Clearing the Fog
      • Democracy Now
      • Black Agenda Radio
      • World Truth. TV Your Alternative News Network.
      • Daily Censured
      • Bill Moyers Journal
      • Center for Public Integrity
      • Public Radio International
      • Baltimore Brew
      • Free Press
    • Far Left/Socialist Media
    • Media with a Third Way Agenda >
      • MSNBC
      • Center for Media and Democracy
      • Public Radio and TV >
        • NPR and MPT News
      • TruthOut
  • Progressive Organizations
    • Political Organizations >
      • Progressives United
      • Democracy for America
    • Labor Organizations >
      • United Workers
      • Unite Here Local 7
      • ROC-NY works to build power and win justice
    • Justice Organizations >
      • APC Baltimore
      • Occupy Baltimore
    • Rule of Law Organizations >
      • Bill of Rights Defense Committee
      • National Lawyers Guild
      • National ACLU
    • Tax Reform Organizations
    • Healthcare for All Organizations >
      • Healthcare is a Human Right - Maryland
      • PNHP Physicians for a National Health Program
      • Healthcare NOW- Maryland
    • Public Education Organizations >
      • Parents Across America
      • Philadelphia Public School Notebook thenotebook.org
      • Chicago Teachers Union/Blog
      • Ed Wize Blog
      • Educators for a Democratic Union
      • Big Education Ape
    • Elections Organizations >
      • League of Women Voters
  • Progressive Actions
    • Labor Actions
    • Justice Actions
    • Tax Reform Actions >
      • Baltimore Tax Actions
      • Maryland Tax Reform Actions
    • Healthcare Actions
    • Public Education Actions
    • Rule of Law Actions >
      • Suing Federal and State government
    • Free and Fair Elections Actions
  • Maryland/Baltimore Voting Districts - your politicians and their votes
    • 2014 ELECTION OF STATE OFFICES
    • Maryland Assembly/Baltimore
  • Petitions, Complaints, and Freedom of Information Requests
    • Complaints - Government and Consumer >
      • Sample Complaints
    • Petitions >
      • Sample Petitions
    • Freedom of Information >
      • Sample Letters
  • State of the Democratic Party
  • Misc
    • WBFF TV
    • WBAL TV
    • WJZ TV
    • WMAR TV
    • WOLB Radio---Radio One
    • The Gazette
    • Baltimore Sun Media Group
  • Misc 2
    • Maryland Public Television
    • WYPR
    • WEAA
    • Maryland Reporter
  • Misc 3
    • University of Maryland
    • Morgan State University
  • Misc 4
    • Baltimore Education Coalition
    • BUILD Baltimore
    • Church of the Great Commission
    • Maryland Democratic Party
    • Pennsylvania Avenue AME Zion Church
    • Maryland Municipal League
    • Maryland League of Women Voters
  • Untitled
  • Untitled
  • Standard of Review
  • Untitled
  • WALSH FOR GOVERNOR - CANDIDATE INFORMATION AND PLATFORM
    • Campaign Finance/Campaign donations
    • Speaking Events
    • Why Heather Mizeur is NOT a progressive
    • Campaign responses to Community Organization Questionnaires
    • Cindy Walsh vs Maryland Board of Elections >
      • Leniency from court for self-representing plaintiffs
      • Amended Complaint
      • Plaintiff request for expedited trial date
      • Response to Motion to Dismiss--Brown, Gansler, Mackie, and Lamone
      • Injunction and Mandamus
      • DECISION/APPEAL TO SPECIAL COURT OF APPEALS---Baltimore City Circuit Court response to Cindy Walsh complaint >
        • Brief for Maryland Court of Special Appeals >
          • Cover Page ---yellow
          • Table of Contents
          • Table of Authorities
          • Leniency for Pro Se Representation
          • Statement of Case
          • Questions Presented
          • Statement of Facts
          • Argument
          • Conclusion/Font and Type Size
          • Record Extract
          • Appendix
          • Motion for Reconsideration
          • Response to Defendants Motion to Dismiss
          • Motion to Reconsider Dismissal
      • General Election fraud and recount complaints
    • Cindy Walsh goes to Federal Court for Maryland election violations >
      • Complaints filed with the FCC, the IRS, and the FBI
      • Zapple Doctrine---Media Time for Major Party candidates
      • Complaint filed with the US Justice Department for election fraud and court irregularities.
      • US Attorney General, Maryland Attorney General, and Maryland Board of Elections are charged with enforcing election law
      • Private media has a responsibility to allow access to all candidates in an election race. >
        • Print press accountable to false statement of facts
      • Polling should not determine a candidate's viability especially if the polling is arbitrary
      • Viability of a candidate
      • Public media violates election law regarding do no damage to candidate's campaign
      • 501c3 Organizations violate election law in doing no damage to a candidate in a race >
        • 501c3 violations of election law-----private capital
      • Voter apathy increases when elections are not free and fair
  • Maryland Board of Elections certifies election on July 10, 2014
  • Maryland Elections ---2016

October 22nd, 2013

10/22/2013

0 Comments

 
TODAY'S BLOG WILL BE LONG BUT I THINK YOU WILL BE INTERESTED.  THOSE OF YOU NOT FROM BALTIMORE SHOULD KNOW THE SAME THING IS HAPPENING IN YOUR CITIES!

KNOW WHO IS GOING TO GET MASSIVE PROFITS FROM AN INFRASTRUCTURE STIMULUS FROM CONGRESS----$1 TRILLION IS THE SUGGESTION SO FAR.  See why US cities allowed the infrastructure to decline even as last decade profits for government soared! 

Hopkins was building its global corporate campus


For those that do not know that all that is development in Baltimore is Johns Hopkins then this blog will clear that up.  We need to be clear.....all these development decisions that most citizens in the city hate.....all of their tax revenue used to advance these development plans...ALL END UP IN MASSIVE PROFITS FOR JOHNS HOPKINS AND PLACES THE CITIZENS OF BALTIMORE IN THE HANDS OF THIS CORPORATION IN EVERY WAY.....WE WILL BE OWNED BY THE COMPANY STORE!

What we have here is a tangled web of investment that starts with the AIG involvement in the massive mortgage fraud that brought down the economy.  Now, AIG made hundreds of billions of dollars selling insurance CDS for toxic mortgage loans everyone knew were bad.  All these CDS centered in mostly this one insurance corporations because Wall Street needed the public to be forced to bail it out so all the banks would be paid 100% on the dollar for those bad loans.  So, massive amounts of profit for AIG in selling CDS for fraudulent loans and a complete bailout when co-conspirators declared it TOO BIG TO FAIL.  Below you see a spin-off of this fraud fueled AIG----Highstar Capital.  All of AIG's wealth was allowed to be dismantled and rebuild as separate corporations and Highstar Capital was one of them.  Why is this corporation of interest in Baltimore?  IT HAS AN INTIMATE CONNECTION WITH JOHNS HOPKINS THROUGH A CEO AS ALUMNI TO BOARD MEMBERSHIP -----THEY ARE DEEPLY CONNECTED.  If you look at AIG Highstar before the 2008 crash it was loaded with Ivy League university endowments that were soaring in profits from this massive fraud.  After the collapse and the independence of this corporation-----along come all that wealth to invest in future projects.

Now, the goal of the massive fraud was to cripple government at all levels with municipal debt.  They wanted to appear to force governments to privatize all that is public and in Maryland, Hopkins had their old friend and former mayor O'Malley in the governor's office.  If you look at what the Baltimore Development Corporation has done in partnerships and deals.....it is not to be overlooked that Highstar Capital has been given all of the deals involving the public sector assets in Baltimore.

No, I have already spoken about Hopkins' involvement in SAIC as a security corporation.  I have also alluded to Hopkins as MedStar partners expanding across America.



Medstar Health Corporate Office & Headquarters 5565 Sterrett Place,5th Fl. Columbia MD 21044


Now I am looking at something that will shock and awe as Hopkins becomes the investor to profit from the Port of Baltimore, Veola Energy, Advanced Disposal, and Talyst, a health biomedical corporation that sells Hopkins' research patents.

O'Malley and now Rawlings-Blake are committed to privatizing trash collection, transportation, water and sewage, and the Port and in each case Highstar owns the corporations linked to this privatization.  Keep in mind this is happening across America as these same corporations take public assets and services.  Remember, the endowments attached are Ivy League universities like Harvard in Boston, NYC, and Stanford in San Francisco.....remember Oakland, Calif as piloting the SAIC surveillance? 

So, it appears that these Ivy League schools are taking the money made by the AIG fraud and now are trying to own all public assets for massive profits.

VEOLA is one corporation of which I speak as privatizing public transportation.  It appears that VEOLA sold controlling interest in VEOLA ENERGY and WASTE to Highstar and in exchange they were given the rights to privatize public transportations in all the above cities.  That is why we see VEOLA taking MTA bus routes all over the state, disability transport, taxis, and BWI transport.  At the same time Highstar's ownership of the Energy and Waste division is giving them Baltimore's/Maryland's public  Waste Management Water Management business.  So, this is why we are now paying for trash pickup and seeing all these Board of Estimate awards that make no sense as they control the water infrastructure development.

Keep in mind that Highstar has connections with another AIG spinoff-----in Houston Texas with the natural gas/oil pipeline corporation Kinder Morgan.  See why Maryland will be a port for exporting natural gas?  They are involved in the pipelines down the mid-west from Canada.  Have you noticed we have been getting a lot of Texas consultants and businesses coming to Baltimore to do business?

The Port of Baltimore was given to this Highstar group by O'Malley.  They own all the Ports we hear in the news with striking labor unions-----we know how much Johns Hopkins hates unions and paying anything other than poverty wages.

It is important to see the future with this kind of private ownership of an entire city by one corporation----Johns Hopkins.  It is why we are flooded with quasi-governmental organizations, private non-profits all working to circumvent the government coffers and launder corporate money into public policy written by corporations in Baltimore.

WE CAN REVERSE THIS EASY-PEASY!!!!! JUST VOTE ALL HOPKINS NEO-LIBERALS OUT OF OFFICE.....ALL MARYLAND POLS ARE NEO-LIBERALS AND RUN AND VOTE FOR LABOR AND JUSTICE IN ALL ELECTIONS.      If you do not fight now this will become the Hopkins City State ruled by a global corporation that we know is not benevolent!!!


ARE ALL HOPKINS DOCTORS AND ADMINISTRATORS SHAREHOLDERS IN ALL THIS?  OF COURSE!!!!

AIG spin-out Highstar Capital looking at $2bn close for latest fund

AIG Highstar Capital

AIG Highstar, the New York-based private equity partnership with a focus on infrastructure-related businesses, has closed its latest fund, AIG Highstar Capital III, on $3.5bn.

Over 90 per cent of the fund’s capital commitments were sourced from non-AIG-affiliated investors, principally from a group of pension plans, endowments, financial institutions and family investment offices, according to a statement.



This table is intended to portray Highstar Capital PrivCo-covered market activity.

Click below for Deal Details and Private Company Reports.

DateTargetTarget IndustryDeal TypeTotal Deal AmountStatus


Nov. 2012Veolia ES Solid Waste Inc.Waste Management ServicesAcquisition
Add-On$1,909,000,000CompletedDetails

Jun. 2012Link_A_Media Devices CorporationMemory ChipsAcquisition$248,000,000CompletedDetails

Jun. 2009Xanodyne PharmaceuticalsPharmaceuticalsFunding$38,000,000
CompletedDetails

Jun. 2008InterGen N.V.Energy & Utilities (Traditional)Acquisition$1,100,000,000CompletedDetails

May. 2008Talyst, Inc.Health & Medical Software
Labels & Tags Manufacturing
Other Packaging & ContainersFunding$20,000,000CompletedDetails

Apr. 2008Link_A_Media Devices CorporationMemory ChipsFunding$22,000,000CompletedDetails

Apr. 2007AMPORTS, Inc.Marine TransportationAcquisition
Leveraged Buyout (LBO)UnspecifiedCompletedDetails

Jul. 2006Advanced Disposal Services Inc.Waste Management ServicesAcquisition$470,000,000Completed


________________________________________________
Lee is a Hopkins graduate but even more important is the Board membership between Hopkins the university and all of these investment arms.  The connection to Texas with another AIG spinoff has a trade in contracts and profit.

Christopher Lee Christopher H. Lee is the Founder and Managing Partner of Highstar Capital (Highstar)

, an independent, fourth generation fund manager with over five billion dollars of assets under management. Mr. Lee is a leader in infrastructure investments, with particular expertise in public private partnerships (PPP's). Since the 1980's Mr. Lee has worked on PPP's in Asia, Latin America and the United States. He has co-authored an Op Ed for Politico with Maryland Governor Martin O'Malley on Ports America's recent 50 year PPP in the Port of Baltimore and has appeared on CNBC's 'Street Signs'. Mr. Lee is a member of the Board of Trustees of The Johns Hopkins University where he graduated in 1974 with a BA in History. Sold!
www.southernstarcentralcorp.com, 11 July 2005 [cached]Commenting on the sale, AIG Highstar Capital Managing Director Christopher Lee stated, "Since our acquisition of the pipeline, AIG Highstar Capital and the Southern Star management team have established an independent brand for this company and significantly strengthened Southern Star's service, safety and customer focus. AIG buys port operations
www.waterindustry.com, 12 Dec 2006 [cached]"We have identified the marine terminals sector as a key element in our infrastructure investment strategy, and we believe that [P&O] is one of the leading operators in this sector in the United States," said Christopher Lee, AIG's managing director. AIG Global Investment Group ...
iwon.ccbn.com, 11 Dec 2006 [cached]AIG Global Investment Group Managing Director, Christopher Lee, stated, "AIG Global Investment Group and its affiliates have been a leader in acquiring strategic, regulated infrastructure businesses and assets.

**************************************************************
One does not have to imagine too long to see that this will be the vehicle to marketing Hopkins' health patents coming from research paid for by you and me!  It complements the DRONE business.


Talyst, Inc.
Private Company Ticker Symbol™: (TALYSTP) Next Actions on Talyst, Inc.:
 Business Summary Talyst, Inc. is a privately-held, venture capital backed healthcare solutions company engaged in providing easy-to-use, automated medication management systems that helps pharmacies manage the flow of medications in hospitals and clinics. Talyst automates the process of tracking drug inventory, package barcode store and filling prescriptions using smart management software and a touch-screen kiosk interface. Talyst was founded in 2002 and is based in Bellevue, Washington.



****************************************************************

This is Hopkins' connection to exporting natural gas and oil from the mid-west pipeline. As you can see they are behind all that we environmentalists hate.....this while they call Baltimore the Sustainable City.

On August 28, 2006, Kinder Morgan

announced that it would be taken private in a management-led leveraged buyout totaling approximately $22 billion. Outside participants in the transaction include Fayez Sarofim, Goldman Sachs Capital Partners and Highstar Capital (then owned by American International Group).[3]

Kinder Morgan is the largest midstream and the third largest energy company (based on combined enterprise value) in North America. We own an interest in or operate approximately 80,000 miles of pipelines and 180 terminals. Our pipelines transport natural gas, refined petroleum products, crude oil, carbon dioxide (CO2) and more. We also store or handle a variety of products and materials at our terminals such as gasoline, jet fuel, ethanol, coal, petroleum coke and steel.

In most of our businesses we operate like a giant toll road and receive a fee for our services, generally avoiding commodity price risk. Our customers include major oil companies, energy producers and shippers, local distribution companies and businesses across many industries. We invest billions of dollars each year to build new energy infrastructure and expand existing assets, as well as on integrity management programs to operate our assets safely.

The Kinder Morgan family of companies has four publicly traded entities:
Kinder Morgan, Inc. (NYSE: KMI), Kinder Morgan Energy Partners, L.P. (NYSE: KMP) (one of the largest publicly traded pipeline master limited partnerships in America), Kinder Morgan Management, LLC (NYSE: KMR) and El Paso Pipeline Partners (NYSE: EPB). Combined, the Kinder Morgan companies have an enterprise value of approximately $110 billion.


***************************************************************


·  7/27/2012



Bought:  Star Atlantic Waste Holdings II bythe private equity firm Highstar Capital based in New York, also acquired Interstate Waste Services in 2006, according to Highstar spokeswoman Cassie Winn. After …

·  4/27/2007

AIG subsidiary buys Amports A subsidiary of AIG Highstar Capital has agreed to buy Amports Inc. from a private equity fund run by Lincolnshire Management Inc. Terms of the deal, involving Highstar Harbor Holdings II Inc …

·  8/25/2006

Solid waste company sold Private equity firm AIG Highstar Capital has closed on a $470 million deal to buy solid waste company Advanced Disposal Services Inc. Negotiations began in April, Advanced Disposal CEO Charles …

Advanced Disposal Services, Inc. Key Developments Advanced Disposal Services, Inc. Announces Executive Changes Aug 24 12 Advanced Disposal Services, Inc. has announced its senior leadership team, effective when the company closes its acquisition of Veolia ES Solid Waste. Charles Appleby, president and CEO of Advanced Disposal, will be chairman and CEO. Richard Burke, Veolia president and CEO, will be president. Scott Friedlander, general counsel of Interstate Waste Services, will be general counsel.

**********************************************************************


Below you see an announcement about expanding the policy of handing public assets and services to corporations for profit.  Look at who thinks this is a win for Maryland.  Keep in mind the public is treated with distain and have to be dragged from public meetings trying to voice their opinions....


Ballard Spahr, Hines, KPMG, Skanska USA, Goldman Sachs

Ballard Spahr, Ballard Spahr is a national firm with more than 500 lawyers in 14 offices in the United States. 

Setting the standard in real estate the world over. Hines is a privately owned, international real estate firm that has provided the highest level of quality, service and value to its clients and investors for more than 50 years.

Skanska.comwww.skanska.com 
Global. Skanska is a world leading project development and construction group.


The Goldman Sachs Group, Inc. is an American multinational investment banking firm that engages in global investment banking, securities, investment ...
 
As principal of Apgar & Company, Inc. (ACI), I recently co-led the transformation of a local government agency to a private enterprise with a public purpose, ...



Notice that the people meeting with them are the governor of Pennsylvania and Anthony Brown in lieu of O'Malley.  Local government transposed to a private enterprise with purpose says Agbar.  It is clear they intend to make everything that is public private and those global players are on the boards and shareholders of all of the other global corporations. 

IT IS A VERY, VERY SMALL WORLD FOR PROFIT-MAKING WITH THESE PEOPLE!


Maryland’s New P3 Legislation Maryland’s New Public-Private Partnerships Legislation


Maryland’s newly passed P3 Legislation sets the stage for Public-Private Partnerships to increase investment in the state. This is the best and first
chance to hear about Maryland’s new P3 law from people who know what this means for Maryland’s economy. The panel, moderated by Ballard Spahr, includes leaders from the public and private sectors with extensive P3 experience in commercial
and institutional development, as well as infrastructure projects. Keynote speakers include Maryland’s Lt. Governor Anthony Brown and former Pennsylvania
Governor Ed Rendell. Plan to join us on May 9 at the BWI Hilton. We will be announcing the panel in
the near future, so check baltimore.uli.org for details and updates. Featured Speakers:

· Maryland Lieutenant Governor Anthony Brown
· Ben Stutz, State of Maryland
· Former Pennsylvania Governor Ed Rendell

Moderator: Brian Walsh, Ballard Spahr
· Chuck Watters, Hines
· Andy Garbutt, KPMG
· Leif Dormsjo. Acting Deputy Secretary, MDOT
· Chris Guthkeltch, Skanska USA
· Tom Rousakis, Goldman Sachs

Master of Ceremonies:
· Sandy Apgar, Apgar Company

_______________________________________________
 


Highstar Capital Agrees to Buy Veolia Unit for $1.9 Billion ...
www.bloomberg.com/news/2012-07-19/highstar-capital...   Cached [Jul 19, 2012]
 
Highstar Capital, a U.S. infrastructure fund, agreed to buy Veolia Environnement SA’s U.S. waste-management business for about $1.9 billion.~

Highstar Capital Agrees to Buy Veolia Unit for $1.9 Billion

 By Jeffrey McCracken & Sonja Elmquist - Jul 19, 2012 3:07 AM ET Stock Chart for Veolia Environnement SA (VIE) Highstar Capital, a U.S. infrastructure fund, agreed to buy Veolia Environnement SA (VIE)’s U.S. waste-management business for about $1.9 billion.

The transaction will cut Veolia’s net debt by $1.8 billion, the Paris-based world’s biggest water company said today in a statement. After the deal it will have completed 60 percent of its 5 billion euro ($6.1 billion) divestment plan, it said.

Enlarge image Highstar Capital Agrees to Buy Veolia Unit for $1.9 Billion Veolia via Bloomberg

Veolia ES Solid Waste Inc . has more than 300 locations that provide hazardous and non-hazardous waste management and industrial cleaning services, the company said on its website.

Veolia ES Solid Waste Inc . has more than 300 locations that provide hazardous and non-hazardous waste management and industrial cleaning services, the company said on its website. Source: Veolia via Bloomberg

Highstar, the infrastructure-focused private equity firm once affiliated with American International Group Inc. (AIG), beat bids from buyout firm Madison Dearborn Partners LLC and Brazilian conglomerate Estre Ambiental SA, said people familiar with the matter prior to the announcement.

Veolia is shedding the unit as it tries to cut debt by 20 percent to 12 billion euros by the end of next year. Chief Executive Officer Antoine Frerot said last month he wants to focus on “promising” countries and will pursue asset sales in the U.S. and U.K.

“The transformation of Veolia is progressing as planned,” Frerot said in the statement.

Veolia shares rose as much as 4 percent to 9.58 euros in Paris. The shares traded at 9.50 euros at 9:04 a.m. local time.

Cost Cuts Veolia plans to cut operating costs by 120 million euros in 2013 and narrow its geographic reach. On June 28, Veolia sold its U.K. regulated-water business to Infracapital Partners for 1.2 billion pounds ($1.9 billion).

The deal “will create a strong company with compelling growth prospects,” Highstar Capital Founder and Managing Partner Christopher Lee said in a separate statement. Highstar’s U.S. waste business will operate in 20 states with annual revenue of about $1.4 billion, it said.

Veolia ES Solid Waste Inc. has more than 300 locations that provide hazardous and non-hazardous waste management and industrial cleaning services, the company said on its website.

Highstar already operates U.S. waste management businesses Advanced Disposal Services Inc. and Interstate Waste Services Inc, according to the New York-based company’s website.

Deutsche Bank AG and Macquarie Group Ltd. advised Highstar on
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Author

    Cindy Walsh is a lifelong political activist and academic living in Baltimore, Maryland.

    Archives

    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013
    March 2013
    February 2013
    January 2013
    December 2012
    November 2012
    October 2012
    September 2012
    August 2012
    July 2012
    June 2012
    May 2012
    April 2012

    Categories

    All
    2014 Economic Crash
    21st Century Economy
    Affordable Care Act
    Affordable Care Act
    Alec
    Americorp/VISTA
    Anthony Brown
    Anthony Brown
    Anti Incumbant
    Anti-incumbant
    Anti Incumbent
    Anti Incumbent
    Attacking The Post Office Union
    Baltimore And Cronyism
    Baltimore Board Of Estimates
    Baltimore Board Of Estimates
    Baltimore Development Corp
    Baltimore Development Corp
    Baltimore Recall/Retroactive Term Limits
    Bank Fraud
    Bank Fraud
    Bank Of America
    Bank Settlement
    Bank-settlement
    B Corporations
    Bgeexelon Mergerf59060c411
    Brookings Institution
    Business Tax Credits
    California Charter Expansion
    Cardin
    Career Colleges
    Career Colleges Replacing Union Apprenticeships
    Charters
    Charter School
    Collection Agencies
    Common Core
    Consumer Financial Protection Bureau
    Consumer-financial-protection-bureau
    Corporate Media
    Corporate-media
    Corporate Oversight
    Corporate-oversight
    Corporate Politicians
    Corporate-politicians
    Corporate Rule
    Corporate-rule
    Corporate Taxes
    Corporate-taxes
    Corporate Tax Reform
    Corporatizing Us Universities
    Cost-benefit-analysis
    Credit Crisis
    Credit-crisis
    Cummings
    Department Of Education
    Department Of Justice
    Department-of-justice
    Derivatives Reform
    Development
    Dismantling Public Justice
    Dodd Frank
    Doddfrankbba4ff090a
    Doug Gansler
    Doug-gansler
    Ebdi
    Education Funding
    Education Reform
    Edwards
    Election Reform
    Election-reform
    Elections
    Emigration
    Energy-sector-consolidation-in-maryland
    Enterprise Zones
    Equal Access
    Estate Taxes
    European Crisis
    Expanded And Improved Medicare For All
    Expanded-and-improved-medicare-for-all
    Failure To Prosecute
    Failure-to-prosecute
    Fair
    Fair And Balanced Elections
    Fair-and-balanced-elections
    Farm Bill
    Federal Election Commissionelection Violationsmaryland
    Federal Election Commissionelection Violationsmarylandd20a348918
    Federal-emergency-management-agency-fema
    Federal Reserve
    Financial Reform Bill
    Food Safety Not In Tpp
    For Profit Education
    Forprofit-education
    Fracking
    Fraud
    Freedom Of Press And Speech
    Frosh
    Gambling In Marylandbaltimore8dbce1f7d2
    Granting Agencies
    Greening Fraud
    Gun Control Policy
    Healthcare For All
    Healthcare-for-all
    Health Enterprise Zones
    High Speed Rail
    Hoyer
    Imf
    Immigration
    Incarceration Bubble
    Incumbent
    Incumbents
    Innovation Centers
    Insurance Industry Leverage And Fraud
    International Criminal Court
    International Trade Deals
    International-trade-deals
    Jack Young
    Jack-young
    Johns Hopkins
    Johns-hopkins
    Johns Hopkins Medical Systems
    Johns-hopkins-medical-systems
    Kaliope Parthemos
    Labor And Justice Law Under Attack
    Labor And Wages
    Lehmann Brothers
    Living Wageunionspolitical Action0e39f5c885
    Maggie McIntosh
    Maggie-mcintosh
    Martin O'Malley
    Martin O'Malley
    Martin-omalley
    Martin-omalley8ecd6b6eb0
    Maryland Health Co Ops
    Maryland-health-co-ops
    Maryland-health-co-ops1f77692967
    Maryland Health Coopsccd73554da
    Maryland Judiciary
    Marylandnonprofits
    Maryland Non Profits
    Maryland Nonprofits2509c2ca2c
    Maryland Public Service Commission
    Maryland State Bar Association
    Md Credit Bondleverage Debt441d7f3605
    Media
    Media Bias
    Media-bias
    Medicaremedicaid
    Medicaremedicaid8416fd8754
    Mental Health Issues
    Mental-health-issues
    Mers Fraud
    Mikulski
    Military Privatization
    Minority Unemploymentunion And Labor Wagebaltimore Board Of Estimates4acb15e7fa
    Municipal Debt Fraud
    Ndaa-indefinite-detention
    Ndaaindefinite Detentiond65cc4283d
    Net Neutrality
    New Economy
    New-economy
    Ngo
    Non Profit To Profit
    Nonprofit To Profitb2d6cb4b41
    Nsa
    O'Malley
    Odette Ramos
    Omalley
    O'Malley
    Open Meetings
    Osha
    Patronage
    Pension-benefit-guaranty-corp
    Pension Funds
    Pension-funds
    Police Abuse
    Private-and-public-pension-fraud
    Private Health Systemsentitlementsprofits Over People
    Private Health Systemsentitlementsprofits Over People6541f468ae
    Private Non Profits
    Private-non-profits
    Private Nonprofits50b33fd8c2
    Privatizing Education
    Privatizing Government Assets
    Privatizing-the-veterans-admin-va
    Privitizing Public Education
    Progressive Policy
    Progressive Taxes Replace Regressive Policy
    Protections Of The People
    Protections-of-the-people
    Public Education
    Public Funding Of Private Universities
    Public Housing Privatization
    Public-libraries-privatized-or-closed
    Public Private Partnerships
    Public-private-partnerships
    Public Transportation Privatization
    Public Utilities
    Rapid Bus Network
    Rawlings Blake
    Rawlings-blake
    Rawlingsblake1640055471
    Real Progressives
    Reit-real-estate-investment-trusts
    Reitreal Estate Investment Trustsa1a18ad402
    Repatriation Taxes
    Rule Of Law
    Rule-of-law
    Ruppersberger
    SAIC AND INTERNATIONAL SECURITY
    Sarbanes
    S Corp Taxes
    Selling Public Datapersonal Privacy
    Smart Meters
    Snowden
    Social Security
    Sovereign Debt Fraudsubprime Mortgage Fraudmortgage Fraud Settlement
    Sovereign Debt Fraudsubprime Mortgage Fraudmortgage Fraud Settlement0d62c56e69
    Statistics As Spin
    Statistics-as-spin
    Student-corps
    Subprime Mortgage Fraud
    Subprime-mortgage-fraud
    Surveillance And Security
    Sustainability
    Teachers
    Teachers Unions2bc448afc8
    Teach For America
    Teach For America
    Technology Parks
    Third Way Democrats/new Economy/public Union Employees/public Private Patnerships/government Fraud And Corruption
    Third Way Democratsnew Economypublic Union Employeespublic Private Patnershipsgovernment Fraud And Corruption
    Third-way-democratsnew-economypublic-union-employeespublic-private-patnershipsgovernment-fraud-and-corruptionc10a007aee
    Third Way/neo Liberals
    Third-wayneo-liberals
    Third-wayneo-liberals5e1e6d4716
    Third Wayneoliberals7286dda6aa
    Tifcorporate Tax Breaks2d87bba974
    Tpp
    Transportation Inequity In Maryland
    Union Busting
    Unionbusting0858fddb8b
    Unions
    Unionsthird Waypost Officealec3c887e7815
    Universities
    Unreliable Polling
    Unreliable-polling
    Van Hollen
    Van-hollen
    VEOLA Environment -privatization Of Public Water
    Veterans
    War Against Women And Children
    War-against-women-and-children
    Youth Works

    RSS Feed

Powered by Create your own unique website with customizable templates.