UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 28, 2011
COVANTA HOLDING CORPORATION
(Exact name of registrant as specified in its charter)
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| Delaware
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1-6732
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95-6021257 |
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.) |
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445 South Street, Morristown,
New Jersey
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07960 |
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(Zip Code) |
Registrant’s telephone number, including area code: (862) 345-5000
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.01 Completion of Acquisition or Disposition of Assets.
On December 13, 2010, Covanta Energy International Investments Ltd. (“CEI”), an
indirect wholly-owned subsidiary of Covanta Holding Corporation (the “Company”), entered
into a Sale and Purchase Agreement (the “Agreement”) with New Growth B.V., a wholly-owned
subsidiary of Electricity Generating Public Company Limited (“EGCO”), pursuant to which CEI
was selling to EGCO all of CEI’s equity interests in the Quezon coal-fired electric
generation facility located in the Philippines.
On March 28, 2011, the Company announced that it has completed the sale of its equity
interests in the Quezon coal-fired electric generation facility to EGCO for a price of $215
million in cash.
The Quezon equity interests sold consisted of CEI’s 100% interest in Covanta
Philippines Operating, Inc., which provides operation and maintenance services to the
facility, as well as CEI’s approximately 27% ownership interest in the project company,
Quezon Power, Inc.
A copy of the Company’s March 28, 2011 press release announcing the completed sale is
attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated
herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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| Exhibit No. |
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Description |
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99.1 |
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Press Release, dated March 28, 2011, issued by Covanta Holding Corporation. |