Suez’ bid to take control of Agbar stalls again
- From: Vol 10, Issue 7 (July 2009)
- Category: General
- Region: Europe
- Country: Spain
- Related Companies: Aguas de Barcelona, Criteria Caixa, Generalitat of Catalunya and Suez Environment
The failure of a proposed share swap to raise Suez Environnement's stake in Agbar to 70% is not the end of the road. Political sensitivities may call for a more radical resolution.
Suez Environnement has failed - at least temporarily - in a bid to take sole control of Agbar’s water business through a share swap operation with joint owner Criteria, the industrial arm of la Caixa, Catalunya's largest financial institution.
In a brief communication to Spain's stock market regulator on 22 June, Agbar ended press speculation about an imminent deal ...
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