Casan share sale flops
- From: Vol 3, Issue 1 (January 2002)
- Category: General
- Region: Americas
- Country: Brazil
- Related Companies: Aguas de Barcelona, Aguas de Portugal, Andrade Gutierrez, Domino Holding, Nuon, Ondeo, Opportunity Daleth and Veolia Environnement (formerly Vivendi Environnement)
THE SALE OF A 19.3% STAKE in Santa Catarina’s state water company, Companhia Catarinense de Agua e Saneamento (Casan) failed to attract interest at the end of last year.
The sale by Santa Catarina’s state electricity company, Celesc, was expected to net R$110 million (US$48 million). Celesc had received the shares in payment for electricity used by Casan.
A number of international private water companies had been viewed as likely purchasers. These included RWE Thames Water, Vivendi Environnement, Ondeo, Nuon, Aguas de Barcelona and Aguas de ...
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