Asian Sovereign Funds Chase Waste Water Treatment
Singapore’s GIC Private Limited invested 300 million BRL in Aegea Saneamento e Participacoes S.A., which is part of the Brazilian conglomerate Grupo Equipav. The investment in a Brazilian water and sewage treatment company satisfies the sovereign wealth fund’s insatiable taste for utilities and Latin markets. The GIC is keen on Brazil’s growth prospects. Their sovereign wealth counterpart, Temasek Holdings, already has a presence in Brazil.
The September 30th transaction was a capital increase for Aegea.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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