EUROPE WATER IN BRIEF
- From: Vol 12, Issue 7 (July 2011)
- Category: Brief
- Region: Europe
- Country: France and Italy
- Related Companies: Acea, Acque Blu Fiorentine, Lyonnaise des Eaux, Saur and Veolia
On 14 July, Anglian Water failed to exchange a pair of outstanding Class B bonds for a new issue due in 2037.
* The company had hoped to refinance existing high-coupon bond lines at more favourable rates, but was forced to pull the issue after market conditions conspired against it.
* The mayor of Rome, which holds a 51% stake in Acea, is reviewing a decision to sell a 20% stake in the company to private investors in the wake of a referendum vote ...
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