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CVA - Covanta reportedly hires adviser for possible Environmental Solutions unit sale
Covanta Holding Corporation
Covanta (CVA) is reported to have hired Houlihan Lokey to consider a sale of its Covanta Environmental Solutions business.The unit could sell for 10x to 12x EBITDA and the segment had EBITDA of around $50m or $60m last year, according to Dealreporter. PE firms are most likely buyers.Recall Feb. 18, Covanta EPS beats by $0.09, beats on revenue.