05/08/2017 14h56

LGT invests R$70m in expansion of General Water

Valor International

General Water, which offers individual water and sewage systems, has received a R$70 million investment from LGT Impact, tha namesake group's private-equity arm. LGT got minority stake in GW and the right to appoint to board members. After winning a share of larger consumers of state-owned utility Sabesp who needed to ensure supply during the recent drought, GW is focusing on water recycling and will use the funds to seek sanitation concessions in small cities. GW had sales of R$50 million last year and expects them reach R$65 million just with contracts it already signed.