Qatar fund takes 5% stake in Veolia unit
Partnership between Qatari Diar and the French environmental services company will engage in MENA region infrastructure and utilities projects.
April 17, 2010 4:12 by Ben Flanagan
Qatari Diar, Qatar’s state-owned investment firm, will take a five percent stake in French environmental services company Veolia Environnement, according to Reuters.
The partnership will reportedly engage in MENA region infrastructure and utilities projects.
Qatari Diar will reportedly hold the stake for three years. Antoine Frerot, company head, said he believes the deal will bolster the company’s standing in a “strategic area which continues to offer important growth opportunities, notably in obtaining public service contracts”.