IFC in €100 Million Veolia Voda Investment
June 28, 2010
Cleary Gottlieb advised International Finance Corporation in its €100 million investment in Veolia Voda. The transaction closed on June 28.
IFC, the private sector arm of the World Bank Group, is the largest multilateral provider of financial services for private enterprise in developing countries. IFC provides loans, equity, structured finance and risk management products, and advisory services to build the private sector in developing countries.
Veolia Voda is a subsidiary of Veolia Eau – Compagnie Générale des Eaux, the water division of Veolia Environnement, the world leader in waste and wastewater services. The company operates in the field of production and distribution of drinking water and drainage and treatment of wastewater in Eastern Europe. The purpose of the transaction is to support infrastructure development in these developing regions.