# 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%.

- Type: Acquisition
- Announced: 2020-03-31
- Where: Windhoek, Namibia
- Value: $4.50M (78.3M NAD)
- Status: completed
- Products: wastewater treatment services
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Va Tech Wabag](https://endata.com/companies/4508.md)
- [Va Tech Wabag](https://endata.com/companies/4508.md) (partner)
- [Veolia Eau - Compagnie Generale Des Eaux](https://endata.com/companies/46285.md) (acquirer)
- [Ujams Wastewater Treatment Company](https://endata.com/companies/46286.md) (target)
- [Ujams Wastewater Treatment Company (Proprietary) Ltd](https://endata.com/companies/46298.md) (target)

## Sources

- [newsonprojects.com](https://www.newsonprojects.com/news/va-tech-wabag-ltd-reduces-stake-in-namibia-entity), 2020-04-02: "the management of Wabag Austria decided to transfer its majority stake in the subsidiary entity in Namibia"
- [vccircle.com](https://www.vccircle.com/va-tech-sells-bulk-of-its-stake-in-namibian-joint-venture-to-french-multinational-arm), 2020-04-02: "As part of the Wabag Group strategy to remain asset-light, the management of Wabag Austria decided to transfer its majority stake in the subsidiary."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.