Biwater plc gets back to its roots
- From: Vol 11, Issue 8 (August 2010)
- Category: Companies
- Region: Unspecified
- Country: United Kingdom
- Related Companies: Biwater
Having strengthened its balance sheet by selling Cascal, the contractor is looking to capitalise on its unique record of bringing borrowers and lenders together to make innovative projects happen.
The sale of Biwater’s remaining 58% interest in Cascal frees the holding company to return to its contracting roots without a massive overhang of debt, CEO Larry Magor told GWI this month.
Although Cascal made a profit of $30.5 million on revenues of $182 million in the last financial year, and had been a significant part of Biwater ...
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