Bouygues reduces water exposure
- From: Vol 10, Issue 11 (November 2009)
- Category: General
- Region: Unspecified
- Country: Italy and South Africa
- Related Companies: Acea, Finagestion and Saur/Bouygues
The French construction giant has ceded control of its last remaining water interest to an African private equity fund.
French construction group Bouygues has taken a further step towards exiting the water sector, selling 35.7% of its subsidiary Finagestion to private equity group Emerging Capital Partners for an estimated €13 million.
Having bought a 29.3% stake from Bouygues in July last year for €12 million, ECP now owns 65% of Finagestion, which acts as a holding company ...
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