The PGGM Infrastructure Fund has signed an agreement to acquire a 20 percent stake in SUEZ Water Resources Inc. Part of the transaction are fifteen regulated water utilities, mainly concentrated in the Northeast region of the United States.
SUEZ Water Resources is an American subsidiary of SUEZ, specialized in regulated water activities in the USA. It provides 2.1 million people with water in New Jersey, New York, Idaho, Pennsylvania, Delaware en Rhode Island. These operations make SUEZ Water Resources one of the biggest private water companies on the territory.
With this acquisition which is subject to approval from local regulators by the first semester of 2019, the PGGM Infrastructure Fund substantially expands its investments in water infrastructure.