Agbar furthers its Catalan ambitions
- From: Vol 11, Issue 7 (July 2010)
- Category: General
- Region: Europe
- Country: Spain
- Related Companies: Agbar
An offer for Aigües de Sabadell will bring Agbar’s share of the Spanish outsourced water market close to 30%. It may stop short of a full take-over.
Agbar’s new chapter under Suez Environnement has begun with a public offer of €71 per share for Barcelona-listed CASSA Group (Companyia d’Aigües de Sabadell), its closest competitor in the Catalan water market.
The offer values CASSA’s equity at €44.6 million, a multiple of 1.1 times 2009 revenues, and targets not just the 65.2 ...
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