FCC Aqualia completed the acquisition of an 80% stake in the water utility business of Georgia Capital for $180m.

FCC Aqualia, a provider of water management services, completed the acquisition of an 80% stake in Georgian Global Utilities, an operator of a water utility and renewable energy holding company, from Georgia Capital, a company that is focused on providing a platform for buying, building and developing businesses, for $180m. The ongoing relationship between FCC Aqualia, JSC GCAP and GGU will continue to be governed by the existing shareholders' agreement between the parties, regulating their respective rights and obligations as joint owners of GGU.