Veolia boosts UK gearing
- From: Vol 10, Issue 11 (November 2009)
- Category: General
- Region: Europe
- Related Companies: Blackstone Group, Goldman Sachs, HSBC, Moody’s, Morgan Stanley, Three Valleys Water and Veolia
A new loan will increase the attractiveness of Veolia Water’s UK business by hiking the gearing to 61%. Is it enough to convince potential buyers?
Veolia announced a capital restructuring of its UK business at the end of October that should enable it to sell a 49% stake in the operation before the year end.
Under the terms of the deal, Veolia Water Central (formerly Three Valleys Water) will receive a £201.3 million loan from its French parent company in a move that will ...
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