VA Tech Wabag reduces stake in Namibia wastewater entity to 8.4%

VA Tech Wabag's Austrian subsidiary transferred 58% of its stake in Ujams Wastewater Treatment Company to joint venture partner Veolia Eau for NAD 78.3 million, reducing its holding to 8.4%.

“the management of Wabag Austria decided to transfer its majority stake in the subsidiary entity in Namibia”newsonprojects.com

• 2 sources
• newsonprojects.comVA Tech Wabag Ltd. reduces stake in Namibia entity. | News On ProjectApr 2, 2020
• vccircle.comVA Tech sells bulk of its stake in Namibian joint venture to French multinational armNarinder KapurApr 2, 2020

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