Solely aggregation of news articles, with no opinions expressed by this service since 2009 launch on this platform. Copyright to all articles remains with the original publisher and HEADLINES ARE CLICKABLE to access the whole article at source. (Subscription by email is recommended,with real-time updates on LinkedIn and Twitter.)
Saturday 17 April 2010
Qatari Diar Acquires 5% Stake in Veolia, Gets Seat on Board
Qatari Diar, a unit of the country’s sovereign wealth fund, acquired a 5 percent stake in Veolia Environnement SA to work on joint projects.
The purchase “reflects the two groups’ mutual ambition to work together on infrastructure and utilities projects in the Middle East and North Africa,” Veolia, the world’s biggest water company, said in an e-mailed statement today.
Qatari Diar will be appointed to the board of directors of Veolia and has indicated “it will hold its stake and its voting rights for three years,” Veolia said.
No comments:
Post a Comment