Israeli Trio Seals Desalination Plant Acquisition
Published on by Water Network Research, Official research team of The Water Network in Business
The Israel Infrastructure Fund, Harel Insurance and Bank Leumi Signeda Deal to Acquire Project Company Via Maris
A consortium of three Israeli institutional investors has completed the NIS429 million ($124 million) purchase of both the owner and operator of the 300,000m³/d Palmachim desalination plant.
The Israel Infrastructure Fund, Harel Insurance and Bank Leumi signed off on the deal to acquire project company Via Maris on 6th August, although final approval is conditional on certain works being carried out between now and the end of the year.
Via Maris was previously owned by Global Environmental Solutions, part of the Azrieli Group portfolio. The group is in the middle of a divestment programme aimed at refocusing the company on its core real estate business.
Source: Global Water Intelligence
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