Monday 28 July 2014
 
»
 
»
FRENCH GROUP SELLS UNIT TO ACTIS

Veolia in $483m Moroccan water concession deal

Paris, March 9, 2013

Veolia Environnement, a global leader in environmental solutions, has entered into a 370 million euros ($483 million) deal to sell its Moroccan water, wastewater and electricity services to investment fund Actis.

Paris-based Veolia Environnement provides tailor-made services in its three complementary business activities: water management, waste management and energy services.
 
The Moroccan water, wastewater and electricity services was earlier being operated by concession companies Redal and Amendis.
 
The French group said it had signed a three-year technical support contract with Actis via its holding company Veolia Services à l'Environnement Maroc.
 
This contract will ensure the smooth transition of services, enabling Veolia to share its know-how and expertise in Morocco, said the company in a statement. 
 
The choice of Actis promises to bring high-added value for Morocco; Actis has over 60 years of experience of investing exclusively in emerging markets, and particularly across Africa.
 
Veolia Environnement said the transaction will held to reduce the company's debt by around 88 million euros in 2013.-TradeArabia News Service



Tags: Water | Morocco | Veolia |

More Construction & Real Estate Stories

calendarCalendar of Events

Ads

Buy high quality China wholesale Health & Beauty , Electronics, Sports & Outdoors , Computers, Video Games, Toys & Hobbies Cell Phones, Automobiles and other wholesale products directly from reliable Chinese wholesalers or Factories on DHgate.com