Tallinn financing still to close
- From: Vol 3, Issue 3 (March 2002)
- Category: General
- Region: Europe
- Country: Estonia
- Related Companies: AS Tallinna Vesi
FINANCING FOR THE TALLINN WATER PRIVATISATION has still to be finalised according to the EBRD. The deal could not be closed as hoped by the end of February as there were still some outstanding administrative issues that needed to be resolved with the shareholders.
The financing has two components – an acquisition loan to an International Water offshore vehicle and a corporate loan to Tallinna Vesi. The transaction involves around €70 million of EBRD funding supplemented with commercial co-financing.
EBRD’s director of municipal and environmental infrastructure Thomas Maier told GWI that he expected the deal to be signed within the next two or three ...
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