VE acquires Southern Water option
- From: Vol 3, Issue 4 (April 2002)
- Category: Companies
- Region: Europe
- Country: France
- Related Companies: First Aqua, Southern Water and Veolia Environnement (formerly Vivendi Environnement)
ALTHOUGH MAINTAINING that it is more interested in asset operation than ownership, Vivendi Environnement has vnevertheless acquired an option to buy a strategic stake in Southern Water.
VE said last month that it could be offered the opportunity to buy Southern Water upon completion of the company’s acquisition by First Aqua. First Aqua is the company specifically formed to undertake the acquisition and is financed by third party debt underwritten by the Royal Bank of Scotland with equity funding from private and institutional investors.
VE has ...
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