Veolia + Shibei Water
skunk.works : Veolia + Shibei Water
Veolia Water, a division of France's Veolia Environnement, said it has won a 49 pct stake in China's Tianjin Shibei Water Co Ltd.
Shibei holds a 30-year concession to supply drinking water to about 3 mln inhabitants in Tianjin, a port near Beijing.
Veolia estimates turnover from the contract of 2.65 bln eur.
Currently, Veolia Water operates more than 20 water network projects throughout China