French utility operator Veolia buys stake in “Rosvodokanal»

Veolia Environnement
Veolia Environnement

French multinational company Veolia Environnement buys part of assets of one of the largest private Russian operators of the centralized water supply and water disposal “Rosvodokanal”. It was reported in the statement of the Deputy Minister of Construction and Housing of Russia Andrey Chibis. “Veolia Environnement acts as a strategic investor in one of the largest private utility operators, buying a share of the business with the support of the Russian-French working group,” explained Mr. Chibis. According to him, the parties have already signed an agreement of intent.

Mr. Chibis added that the French side intends to buy out a share in Rosvodokanal in order to develop “all its innovations and technologies” in the future through the Russian company. According to officials, the deal is evidence of the fact that the utility sector has become a bridge for international cooperation of the two countries.

Veolia Environnement is engaged in the supply and treatment of water, utilities, energy and transport services. Its assets amount to more than $ 63 billion, and its main interests are concentrated in Europe, Asia and the United States.

Rosvodokanal is a large private operator of centralized water supply and sanitation systems in Russia. Under management of the enterprise there are seven regional waterkanal utilities: in Barnaul, Voronezh, Krasnodar, Omsk, Orenburg, Tver and Tyumen.

The fact that the owner of the operator – “Alpha Group” of Mikhail Fridman is selling “Rosvodokanal”, became known in May 2018. The group has owned the company for 15 years.

1 Comment

  1. September 2018. The deal with Veolia and RDIF is not maintained, said the head of “Rosvodokanal”. The parties took a pause. Rosvodokanal are still interested in partnering with Veolia, as it was announced.

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