Mar 08 2013
|more articles from|
Veolia sells Morocco water, waste services to Actis
PARIS, March 8 (Reuters) - Veolia Environnement has agreed to sell its Moroccan water, wastewater and electricity services operated by concession companies Redal and Amendis to investment fund Actis in a deal worth around 370 million euros ($484 million).
The transaction will reduce the company's debt by around 88 million euros in 2013, Veolia said in a statement on Friday.
Veolia added that it has signed a three-year technical support contract with Actis for the businesses.
(Reporting by James Regan; Editing by Christian Plumb)
((email@example.com)(+33)(0)(1 49 49 53 84)(Reuters Messaging: firstname.lastname@example.org))
© Copyright Zawya. All Rights Reserved.