SAUR POINTS
- From: Vol 12, Issue 12 (December 2011)
- Category: Need to know
- Country: France and Israel
- Related Companies: Bank Hapoalim, European Investment Bank, Mekorot, Saur and Séché
Relations between Saur, France’s thirdlargest private water company, and its 33% shareholder Séché Environnement, have reached an all-time low.
In a letter to French sovereign fund FSI last month, Saur claims that the synergies between the two groups are weak at best, and that if Séché takes control of Saur by exercising its call option on 18% of FSI’s stake, the move would expose Saur to greater financial risk and increase the cost of servicing its €2 ...
Subscription required
To read this full article you must be subscribed to Global Water Intelligence.
Subscribe Now, Sign up for a Free Trial or Log In
