DEVELOPMENT DEALS
- From: Vol 9, Issue 1 (January 2008)
- Category: Need to know
- Region: Unspecified
- Country: China, India and United Arab Emirates
- Related Companies: Befesa, Suez and Veolia
* Veolia looks set to open up new markets in Africa and India after taking on an investment from the International Finance Corporation (IFC).
The €70 million debt and equity deal gives the World Bank subsidiary and a French development agency a 19% stake in Veolia Water Africa, Middle East and India. Historically, Veolia has not been big on developing country risk. This helped it escape the ravages of the currency crises of the late 1990s and early 2000s, which decimated Suez’s international ...
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