2024-01-31 09:11:03
The BUTEC Group, a regional player in the Middle East and North Africa in the environment, energy and industrial construction sectors, has acquired all of the Moroccan activities of Société des Eaux de Marseille, a subsidiary of Veolia Group. This operation resulted in the repurchase of the shares of Eaux de Marseille – Maroc (EMM) on January 17, 2024. “The group’s desire through this operation to increase its skills in the areas of management of essential services, more particularly in everything relating to the optimization of water resources and the reduction of water stress”, indicates Ziad Younès, president of the Butec Group. It should be noted that the acquisition of EMM is part of the continuity of the growth strategy of the BUTEC Group in Africa and the Middle East in essential businesses for the preservation of the environment through the rationalization of water and energy resources. energy. The BUTEC Group recently acquired all of the Engie Group’s African subsidiaries active in the field of energy services and is the operator of a project to reduce energy leaks in Lebanon on a network serving nearly 2 million consumers.
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