Veolia seeks £500m from UK asset sales
- From: Vol 10, Issue 7 (July 2009)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Barclays Capital, Deutsche Bank, Folkestone & Dover Water Services, HSBC, Morgan Stanley, Ofwat, Tendring Hundred Water, Thames Water, Three Valleys Water and Veolia Environnement (formerly Vivendi Environnement)
The question of whether Veolia views its UK water assets as core holdings is now in doubt. It wants to offload a 49% stake in order to tidy up its balance sheet.
Veolia Environnement has stepped up its asset disposals programme, announcing a trio of deals over the past month worth a total of more than €1 billion. The most significant – and the most surprising - is the sale of a 49% stake in its UK water interests, which the company hopes will raise £500 million.
The company has appointed HSBC and Morgan ...
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