Sofia bourse indices close mixed, M+S Hydraulic paces decliners
Bulgaria raises 2.25 bln euro in dual-tranche Eurobond issue
Valamar, Adris, Atlantska Plovidba push lower Croatia's main equity indices
MOL-delegated management board members of Croatia's INA resign
Ljubljana stock indices go down, Salus leads losers
BUCHAREST (Romania), September 16 (SeeNews) - Water, sewerage and heating systems services provider Veolia Romania Integrated Solutions, part of France's Veolia Group, said it has taken over local peer Roco Instal Comunal, in the commune of Chiajna, Ilfov county.
The takeover includes a contract for the delegation of the public drinking water supply and sewerage service in the locality for the next 19 years, Veolia Romania said in a press statement on Thursday.
You can subscribe to our M&A newsletter here
By taking over Roco Instal Comunal, Veolia will gain access to the management of the water network currently being rehabilitated and extended in Chiajna by the local operator as well as to the wastewater and rainwater treatment system. The water network in the locality spans for approximately 54 km, supplying 249 buildings, while the wastewater system is approximately 45 km long and serves over 4,000 customers.
Veolia Romania estimates that some 90% of Chiajna's residents will have access to drinking water and sewage services by the end of 2025, compared to the current connection rates of 4% for the centralized water supply system and 60% for the sewage system.
Since 2007, Veolia Romania is the operator of the public water supply in Otopeni, for a contractual period of 25 years. In 2016, the company became the operator of the public water supply in Chitila under a 10-year contract and since 2019 it operates the public water supply in Popesti-Leordeni, under a 29-year contract.
In addition, the company provides operation, maintenance, and management services for water and sewage systems, equipment, and installations to commercial centres, academic institutions, and to Henri Coanda International Airport.
SeeNews is your complete guide to the emerging economies of Southeast Europe. Latest news, market intelligence, industry analyses, on-demand research – the big picture at the tip of your fingers.
Get ahead of the competition with SeeNews Premium Access. Unlimited news and objective analysis you can trust, company data and more. Subscribe now and start making agile business decisions.