Wastewater

- 22 February 2008 -

Europe to invest in private sector
wastewater treatment

The EBRD (European Bank for Reconstruction and Development) is investing up to €105 million for a 10% stake in Veolia Voda, with the aim of boosting the role of the private sector in the provision of water and wastewater services. The funds will be used by Veolia Voda to continue its expansion in the bank's countries of operation with an emphasis on development in Russia and Ukraine.

A holding company for Veolia Water Central and Eastern European activities, Veolia Voda has already made successful entries into the markets of Hungary and the Czech and Slovak republics. The EBRD's investment will support Veolia's entry of a world leader in the water sector into Russia and Ukraine.

Antoine Frérot, chief executive officer of Veolia Water commented that the "partnership underlines Veolia Water's commitment to working in close co-operation with authorities in Central and Eastern Europe, and our development in this region will be further enhanced through EBRD's support."

www.veoliawater.com

 

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