Suez Lyonnaise Des Eaux Announces Creation of the Latin American Investment Company.PARIS--(BUSINESS WIRE)--October 1, 1998-- Ticker: Bloomberg: LY FP Reuters: LYOE.PA Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance : S.SLX SLX Student Loan Xpress SLX Smartlet Xml SLX Secure Links SLX Super Luxe The Suez Lyonnaise ly·on·naise adj. Cooked with onions: lyonnaise potatoes; potatoes lyonnaise. [From French (à la) Lyonnaise, (in the manner) of Lyon, from Lyon. des Eaux group is launching an investment company to co-finance equity investments in Latin American projects related to the group's activities in the field of water production, treatment and distribution. The new company, Lyonnaise Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. Water Corporation (LYLAW), is capitalized at US $155 million, some 25 percent of which have been contributed by the Suez Lyonnaise des Eaux group. The group's co-investors are the U.S. financial groups "AIG-GE Capital Latin America Infrastructure Fund," GE Capital and Edison Capital Corporation, the Argentine bank Banco de Galicia, and the Franco-Belgian financial institution Dexia. LYLAW will contribute to creating a strong network of high-level partners looking to support the expansion of Suez Lyonnaise des Eaux in Latin America. The Suez Lyonnaise des Eaux group thus intends to continue its policy of balanced risk management of international expansion in emerging countries. The group already has experience with a similar investment company created in 1995 and focusing on Asia, Lyonnaise Asia Water Limited (LAWL LAWL Laughing A Whole Lot LAWL [not an acronym] LOL (Laughing Out Loud) spoken aloud ). Capitalized at US $300 million, LAWL has already invested half its resources in various projects in China, the Philippines, Malaysia and Macau. In Latin America, alongside Suez Lyonnaise des Eaux, Lyonnaise Latin American Water Corporation will take advantage of important water-related investment opportunities. Currently, one-quarter of the Latin American population is not connected to drinking water drinking water supply of water available to animals for drinking supplied via nipples, in troughs, dams, ponds and larger natural water sources; an insufficient supply leads to dehydration; it can be the source of infection, e.g. leptospirosis, salmonellosis, or of poisoning, e.g. and half is not linked to a wastewater treatment system. According to the World Bank, investment needs for drinking water in that region will reach US $5 billion, and investment requirements for wastewater treatment will total US $7 billion over the next ten years Suez Lyonnaise des Eaux is a world leader in private infrastructure services, managing municipal water systems for Buenos Aires, Santa Fe and Cordoba cor·do·ba n. See Table at currency. [American Spanish córdoba, after Francisco Fernández de Córdoba (1475?-1526?), Spanish explorer.] Noun 1. in Argentina and for the city of La Paz, Bolivia and Limeira, Brazil. It is also present in this capacity in Mexico and Colombia. In Latin America, Suez Lyonnaise des Eaux already serves the drinking water needs of 19 million people and assures water treatment for 14 million. |
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