Project description
and objectives:
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The proposed project is an equity investment for the Bank to subscribe to
newly issued shares in the capital of Véolia Voda (the Company) representing a
minority interest. The proceeds from subscription will be used by the Company
to continue it expansion plans in Central and Eastern Europe (CEE), including
Russian and Ukraine.
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Transition impact:
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The transaction will contribute to increased private sector participation
through privatisation of publicly-owned entities and expansion of
contracted-out services to the private sector. The expanded Company will
demonstrate high standards of corporate business conduct in several national
markets and foster the development of modern management, financial and
operational skills in an expanding workforce across the region. The
transaction will foster the entry of an international operator in the Russian
and Ukrainian market where the private market is dominated by local operators.
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The client:
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The Company, is wholly-owned subsidiary of Véolia Eau-Compagnie Générale des
Eaux (the Sponsor), a wholly-owned subsidiary of Véolia Environnment and a
leading provider of water and wastewater services for public authorities and
industrial companies. The Sponsor’s group of companies currently serve more
than 108 million people in 57 countries and operates more than 4,400
contracts.
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EBRD finance:
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The project will consist of up to EUR 105 million.
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Total project cost:
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To be confirmed.
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Environmental impact:
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Screened C/1. The Company has environmentally related objectives at its core
as it is helping to improve the quality of drinking water and wastewater
treatment through its operations. The environmental due diligence (“EDD”) is
underway to assess the potential environmental issues associated with the
Company's operations and assets. The EDD will also review current and proposed
investment programmes to ascertain whether owners of the assets
(municipalities) are prepared to achieve compliance with EU environmental
standards in accordance with the time schedule stipulated by the EU Accession
Agreements of their host countries. Following meetings with the Company's
management and key experts, the Bank has assigned an external consultant to
review the Company’s key operations and to prepare an Environmental Action
Plan, as needed.
This section will be updated after completion of the EDD.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Eva Kucerova
Tel. +420 222 321 648
E-mail: eva.kucerova@veoliavoda.cz
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EBRD contact:
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Francois Gaudet, Operation Leader: gaudetf@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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