Standard Bank facilitates SUEZ acquisition of EnviroServ
18 Oct 2022
Country
South Africa
Year
2022
Sector
Diversified Industries
Business Unit
Corporate and Investment Banking
Specific Role
Financial advisor and funder
Standard Bank is proud to announce that it has recently facilitated the acquisition of EnviroServ, the largest private waste and water management business in sub-Saharan Africa, by French utility giant SUEZ and its local partners Royal Bafokeng Holdings (RBH) and African Infrastructure Investment Managers (AIIM).
This acquisition will enable SUEZ to bring its expertise and knowledge to the country’s waste and water management landscape as well as reinforce its positioning as an international player in industrial and municipal waste and water treatment, strengthening its position in South Africa and assisting in the continent’s development.
SUEZ has brought real-world solutions to local authorities, industry and consumers for the smart and sustainable management of solid waste and water in more than 40 countries. Recent surveys have shown that more than one-third (34.4%) of South African households have to rely on communal or household refuse dumps, with no access to scheduled refuse collection from a proper authority. SUEZ’s expertise has the potential to alleviate some of these challenges in the short term, as well as find solutions for South Africa’s water crisis.
Standard Bank is proud to have been appointed as financial advisor and funder for this deal, and we firmly believe that investments of this nature have the potential to improve Africa’s waste and water resource management, meaning better infrastructure, a higher quality of living in our cities and more sustainable impact.
We look forward to facilitating even more global partnerships that bring foreign direct investment into the country and effect positive change and development for all South Africans.
Read more about our partnership with Suez.