Agbar slims down ahead of de-listing
- From: Vol 10, Issue 11 (November 2009)
- Category: General
- Region: Europe
- Country: Spain
- Related Companies: Adeslas, Agbar, Aguas de Barcelona, Aguas de Valencia, Catalan Government , Criteria Caixa and Suez Environment
The Agbar ownership saga has reached a predictable conclusion, with Suez Environnement agreeing to take a 75% stake in the Spanish operator. The financial benefits are mixed.
The announcement on 22 October that Suez Environnement and Criteria CaixaCorp had agreed terms for the French multinational to take majority control of Aguas de Barcelona came as little surprise to analysts and observers of the Spanish water sector.
Earlier this year, Criteria’s parent company la Caixa indicated its intention to reduce its industrial shareholdings and concentrate on the ...
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