16 January 2018
Clifford Chance advises Mitsui on its sale of its stake in SmVak
Clifford Chance has advised Mitsui & Co., Ltd., a listed Japan-based conglomerate, on the sale auction process of a 49% stake in Aqualia Infraestructuras Inženýring, s.r.o. and an indirect interest in Severomoravské vodovody a kanalizace Ostrava (SmVaK), a Czech Republic-based company engaged in supply of drinking water (Aqualia Czech, S.L.) to FCC Aqualia, S.A. ("FCC Aqualia"), a Spain-based water management company.
SmVaK is the largest water supply company in the Moravian-Silesian region and one of the leaders in the water market in the Czech Republic. Its core business is production and supply of drinking water as well as treatment of wastewater. The acquisition will enable FCC Aqualia to assume complete ownership of its water business in the Czech Republic.
Clifford Chance previously advised Mitsui on the acquisition of its stake in SmVak in 2013.