PRIVATE MOVES

* The EBRD has taken a 10% stake in Veolia Voda - the French company’s central and eastern European subsidiary.

It suits both sides: the EBRD needs the support of a world-class operator to ensure its loans provide improved services, and Veolia needs to find a way into the difficult markets of the former Soviet Union. The bank is showing no favouritism in doing the deal with Veolia. It already has an equity stake in United Utilities’ eastern European operation ...

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