GS Inima is looking to use the recently acquired concessionaire as a platform to realise its ambitions for the region.
Spanish project developer and concessionaire GS Inima is looking to rapidly build up an Asian water portfolio After securing a platform for business development in the region, thanks to the acquisition of a stake in a Vietnamese concessionaire.
Inima paid around $13.6 million for a 30% stake in Phu My Vinh Construction & Investment (PMV) in a deal completed this month. CEO Marta Verde told GWI that she hopes the deal will kick off the company’s Asian presence in the way the acquisition of three industrial water concessions from Brazilian firm BRK Ambiental in 2019 bolstered Inima’s position as the most successful non-Brazilian player in the country’s rapidly growing concessions market.
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