Solving Russia’s drink problem
- From: Vol 8, Issue 12 (December 2007)
- Category: General
- Region: Europe
- Country: Russian Federation
- Related Companies: Veolia Voda
Veolia Voda has brought in the EBRD as a strategic equity investor. It is hoping to use the bank’s expertise to capitalise on opportunities in the Russian water market.
The EBRD has agreed to take a 10% stake in Veolia Voda, the holding company for Veolia Water’s activities in central and eastern Europe. Under the terms of the agreement, the EBRD will pay €90 million by way of an initial investment, with a further €9 million due in 2009 and the remaining €6 million in 2010, depending on ...
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