NMDC Group has entered the European market for the first time after its infrastructure arm ‘NMDC infra’ agreed to acquire a controlling stake in Lantania Aguas from Spain.
According to an official announcement , the Abu Dhabi-listed engineering and dredging company will take a 51% share in the desalination and water treatment specialist, expanding its footprint beyond marine and energy infrastructure.
Lantania Aguas, which will operate under the new name – Lantania NMDC Water – post completion of the acquisition, will retain its current management team.
NMDC Group said that the transaction is currently awaiting regulatory approvals.
Once completed, NMDC Infra will have a fully integrated water platform with projects already active across several international markets.