Mar 08 2013

Veolia sells Morocco water, waste services to Actis

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.

($1 = 0.7644 euros)

(Reporting by James Regan; Editing by Christian Plumb)

((james.regan@thomsonreuters.com)(+33)(0)(1 49 49 53 84)(Reuters Messaging: james.regan.thomsonreuters.com@reuters.net))


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