ANNOUNCEMENT 30 Mar 2018

On May 7th, 2019, the Innovation Network Corporation of Japan (INCJ) transferred all shares in Portuguese Administração e Gestão de Sistemas de Salubridade (AGS) to Japanese Marubeni Corporation.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

INCJ (2019) ポルトガル水道事業会社AGS社の株式譲渡について Transfer of shares in Portugal water company AGS
Available at:
https://www.incj.co.jp/newsroom/2019/20190507.html

Inception date: 07 May 2019 | Removal date: open ended
Still in force

Financial assistance in foreign market

On May 7th, 2019, the Innovation Network Corporation of Japan (INCJ) transferred all shares in Portuguese Administração e Gestão de Sistemas de Salubridade (AGS) to Japanese Marubeni Corporation. On June 25th, 2014, Marubeni Corporation and INCJ purchased all shares in AGS, the largest Operation & Maintenance company of water and sewage in Brazil and Portugal. 

About the Innovation Network Corporation of Japan (INCJ)
In 2009, INCJ was created as a public-private investment fund to financially support industries "next-generation businesses". INCJ supports projects that "combine technologies and varied expertise across industries and materialize open innovation.". According to the INCJ website, the fund has an investment capacity of up to USD 20 billion. Although characterized as a public-private partnership, in fact only 0.1 billion of the 2.6 billion USD invested in the fund was provided by the private sector. The rest came from the Japanese government. Of the 0.1 billion USD said to be contributed by the private sector, 13.6 million USD was in fact provided by the Development Bank of Japan, a state-owned bank.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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