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SUEZ investissement local a new player in local sustainable project financing
SUEZ and Vauban Infrastructures Partners are joining forces to create SUEZ Investissement Local, the new French player dedicated to finance projects in the water and waste industries.
To support the environmental transition and the development of the circular economy, SUEZ and Vauban Infrastructure Partners - an affiliate of Natixis Investment Managers, announce the launch of "SUEZ Investissement Local". The new venture will provide funding of €500 million for projects by 2025, in water, wastewater and waste industries (construction or renovation of drinking water and sanitation plants, waste-to-energy plants and plants specialized in the methanation of organic waste and sewage sludge...).
SUEZ Investissement Local will be the main shareholder of the concession companies carrying out the projects, and will offer customers the best possible financing terms, in particular by setting up project financing.
As part of this exclusive long-term partnership, SUEZ will bear the industrial responsibility for the construction and operation of customers’ infrastructure and will thus remain the established local operator and the preferred interlocutor of local communities. Vauban Infrastructure Partners will bring its expertise in infrastructure financing and will make long-term equity investments in these projects through its investment funds.
SUEZ Investissement Local will be the main shareholder of the concession companies carrying out the projects, and will offer customers the best possible financing terms, in particular by setting up project financing.
As part of this exclusive long-term partnership, SUEZ will bear the industrial responsibility for the construction and operation of customers’ infrastructure and will thus remain the established local operator and the preferred interlocutor of local communities. Vauban Infrastructure Partners will bring its expertise in infrastructure financing and will make long-term equity investments in these projects through its investment funds.
The creation of SUEZ Investissement Local is a historic milestone in environmental infrastructures financing in France. Through this new company, we will offer even more competitive solutions to our customers by combining the SUEZ’s operational excellence with Vauban’s financial expertise. The time has come to urgently drive forward the ecological transition. SUEZ Investissement Local will accelerate developing green projects for municipalities. Between 2020 and 2025, the goal is to finance projects of up to half a billion euros.
Jean-Marc Boursier , Group SEVP - France Region and COO
Gwenola Chambon, Chief Executive Officer of Vauban Infrastructure Partners, said "Vauban Infrastructure Partners' ambition to invest, over the long term, in sustainable infrastructure, which is essential for the development of regions, is perfectly expressed through this new partnership. We are delighted, alongside SUEZ, to have the opportunity to deploy our strategy as an active and responsible investor at the service of local authorities and regions".