Salé vetoes the transfer of Veolia's shares to Actis

The elected officials of the city of Salé have vetoed the transfer of Veolia's shares, the company in charge of water and electricity distribution, to Actis. Indeed, the municipality plans to buy back these shares and create an agglomeration group for the management of this service while waiting to prepare the specifications relating to the creation of a local development company. This decision comes after the French company announced its imminent departure a few months ago and unveiled its intention to sell its shares to the said company in both Rabat and Salé.While the file is still pending in Rabat, following the decision of the elected officials who had demanded the postponement of the decision-making to a later date, in order to scrutinise the details of the current contract before sending the file back to the finance committee for re-examination, the elected officials of the city…