IFC doubles equity commitment to Veolia Voda
- From: Vol 11, Issue 6 (June 2010)
- Category: General
- Region: Europe
- Country:
- Related Companies: EBRD, IFC, Veolia Voda and Veolia Water
Veolia Voda has taken on more equity in order to further its expansion plans in Eastern Europe. The €100 million commitment from the IFC is twice that initially planned.
The International Finance Corporation, the private sector promotion arm of the World Bank Group, announced on 3rd June that it is to invest up to €100 million in Veolia Voda.
The injection of new equity will provide capital to support the expansion of Veolia Water’s Central and Eastern European business, and follows the IFC’s purchase of a 13 ...
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