ECONOMY

MIG, Veolia JV to focus on environment, energy

Marfin Investment Group (MIG) is to set up a joint venture with France’s Veolia Environnement to pursue environmental, energy and transportation projects in Greece and Cyprus, the Athens-based company said yesterday. MIG said it has signed a memorandum of understanding on the joint venture to be named Veolia-MIG Greece. Veolia will control 51 percent of the joint venture with the remaining stake held by MIG. «The new company will pursue activities relating to the management of water, wastewater and waste; the development and operation of facilities for energy production from both renewable and traditional sources as well as activities relating to logistics and transportation services,» it said. The company will also be active in Albania, Croatia, Serbia, the Former Yugoslav Republic of Macedonia (FYROM) and Montenegro.