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Nov 21, 2025 8:00 AM

Enviri Stock Takes Off After Clean Earth Sale And Spinoff Plan Revealed

Enviri Corporation (NYSE:NVRI) stock rose Friday after the company inked a definitive deal to sell its Clean Earth business to French company Veolia Environnement SA for $3.04 billion in cash.

Details

As part of the transaction, Enviri shareholders are expected to receive between $14.50 and $16.50 per share.

The shareholders will retain full ownership of the Harsco Environmental and Rail businesses, which will be spun off into a new publicly traded company.

Both companies’ boards have unanimously approved the transaction, which is anticipated to close by mid-2026, subject to ...