Morocco: Actis to purchase Veolia distribution concessions

Following the success of its investment in Ugandan electricity distributor Umeme and ahead of the launch of its next African energy-focused investment fund, UK private equity investor Actis Capital has moved to buy Veolia Environnement’s water, wastewater and electricity services concessions in Rabat, operated by the French group’s concession company Redal, and its Amendis subsidiary’s operations in Tangier and Tetouan.