Banco Interacciones Signs MOU with HYFLUX for Mexico Water Projects
Singapore and Mexico City (PRWEB) June 27, 2014 -- Banco Interacciones (Interacciones), Mexico’s leading infrastructure bank and a subsidiary of Grupo Financiero Interacciones and Hyflux Ltd (Hyflux), through its wholly-owned subsidiary, Hyflux International Pte Ltd (HIPL), have signed a memorandum of understanding (“MOU”) to jointly carry out exploration, structuring, pursuit and/ or installation of water and other projects and developments in Mexico.
Under the MOU, Hyflux and Interacciones will cooperate and work with each other on a sole and exclusive basis under mutual best efforts to explore early stage and pre-specified greenfield water-related and infrastructure projects in Mexico that will leverage Hyflux’s technologies and expertise in water and environmental solutions. Interacciones will use its experience and local network to introduce potential projects, investment opportunities and business partners to Hyflux, as well as provide equity or debt financing including coordinating institutional and government relations.
Carlos Hank González, CEO of Grupo Financiero Interacciones, pointed out that “this strategic alliance with Hylux will allow both companies to take advantage of the many opportunities in the local infrastructure sector, further bolstered by the Mexican Government’s ambitious plans and reforms related to its National Infrastructure Plan. We are excited by the prospect of combining Hyflux leadership in high-tech water solutions with Interacciones specialization in infrastructure projects”
"We are very happy to collaborate with Interacciones in a partnership that will open up a new market for Hyflux. Through this partnership, we will be able to tap on each other's expertise and resources to provide comprehensive and innovative water solutions for Mexico," said Ms Olivia Lum, Executive Chairman and Group CEO of Hyflux.
About Grupo Financiero Interacciones:
Grupo Financiero Interacciones, S.A. de C.V. (“Grupo Interacciones” or “GFI”), is the largest specialized Mexican financial group with a business model focused on providing financing, risk management and financial advisory services mainly to the Mexican public sector, which includes federal, state and municipal governments, quasi-government entities and government suppliers. Grupo Financiero Interacciones conducts its business mainly through Banco Interacciones, the most important infrastructure bank in Mexico as well as through Interacciones Casa de Bolsa, its broker-dealer subsidiary, and Aseguradora Interacciones, its insurance company subsidiary.
For more information, please visit http://www.investorsinteracciones.com.
About Hyflux:
Hyflux is one of the world’s leading fully-integrated water solutions companies, with operations and projects in Southeast Asia, China, India, the Middle East and North Africa. Hyflux is committed to providing cost-effective and sustainable solutions in seawater desalination, water recycling, wastewater treatment, including membrane bioreactor (MBR) and potable water treatment. Hyflux’s track record includes Singapore’s first water recycling plant and two seawater reverse osmosis (SWRO) desalination plants, and some of the world’s largest SWRO desalination plants in China and Algeria.
For more information, please visit http://www.hyflux.com.
Maud Errera, MIDERA International (Hong Kong), +852 91526081, [email protected]
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