Aqualia Gains Full Control of Its Subsidiary in Georgia

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Aqualia Gains Full Control of Its Subsidiary in Georgia

30/06/2025

Aqualia Gains Full Control of Its Subsidiary in Georgia

With the acquisition of the remaining 20% stake, Aqualia will take full ownership of Georgia Global Utilities (GGU), the company responsible for managing the end-to-end water cycle for over 1.4 million residents in Tbilisi and the neighbouring cities of Mtskheta and Rustavi.
The transaction, set to be completed before the end of July, is part of the shareholder agreement between Aqualia and Georgia Capital (GCAP).
In recent days, Aqualia and GGU have received two international awards at the EMEA Finance Awards 2025 for the issuance of a 300-million-dollar green bond in July 2024.

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Aqualia Gains Full Control of Its Subsidiary in Georgia

Aqualia, the water management company jointly owned by the FCC Group (51%) and the Australian ethical fund IFM (49%), will acquire 100% of Georgia Global Utilities (GGU), of which it already held an 80% stake. With the purchase of the remaining 20%, Aqualia consolidates its position as the sole shareholder of the company that manages the end-to-end water cycle for more than 1.4 million people in Tbilisi and the surrounding cities of Mtskheta and Rustavi.

The transaction, expected to be finalised before the end of July, falls within the framework of the shareholder agreement between Aqualia and Georgia Capital (GCAP). The acquisition reaffirms Aqualia’s commitment to sustainable development in Georgia, a country where it has played a key role in modernising water infrastructure and improving access to drinking water.

Through this operation, Aqualia not only strengthens its presence in Eastern Europe but also advances its international expansion strategy, reaffirming its commitment to developing critical infrastructure that supports a more sustainable future.

Since entering the Georgian market in early 2022, Aqualia has driven strategic projects that have significantly contributed to the well-being of the population and the country’s climate resilience.

Recognition from the International Financial Market

This announcement comes at a time of international recognition for Aqualia and GGU. On 18 June, during the EMEA Finance Awards 2025 held in London, GGU received two prestigious awards: Best Green Bond in Central and Eastern Europe and Best Water Sector Deal in Central and Eastern Europe.

These awards acknowledge the successful issuance of a 300-million-dollar green bond in July 2024, recognised by the European Bank for Reconstruction and Development (EBRD). This transaction has enabled the financing of sustainable projects that improve access to water and support climate change adaptation in Georgia. The dual recognition positions Aqualia as a leader in structuring innovative and sustainable financial solutions and reinforces its role as a strategic partner in emerging markets. Furthermore, it consolidates its reputation as a company capable of combining operational excellence with leadership in sustainability and social responsibility.

Additionally, Aqualia’s Georgian subsidiary has recently joined the prestigious international network Leading Utilities of the World (LUOW), which brings together global utilities recognised for their excellence. This distinction, reserved for the most innovative and advanced companies in the global water sector, acknowledges the company’s continuous operational improvement, technological innovation, and social impact. Its inclusion in this network positions the company as a cutting-edge operator and strengthens Aqualia’s role as a driver of international standards in emerging markets.

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