SUEZ, Itochu Corporation and Five Capital Fund I (a Saudi CMA-regulated fund) successfully closed the acquisition of a majority stake in Environment Development Company (EDCO), a Saudi hazardous waste management company, effective as of November 11th, 2020. This operation will position partners in the rapidly expanding hazardous waste market in Saudi Arabia where major petrochemical industrial projects are ongoing and planned. The transaction amount for SUEZ represents 113.4 MSAR (25.99 M€) enterprise value.
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