Suez and Nalco part
- From: Vol 4, Issue 11 (November 2003)
- Category: Market insight
- Region: Unspecified
- Country: United Kingdom and United States
- Related Companies: Apollo Management, Blackstone Group, Goldman Sachs, Moody’s, Nalco, Northumbrian Water, Ondeo/Suez and Standard & Poor’s
The chemicals business was a drag on Suez’s third quarter. Moody’s doesn’t like it either.
Early third quarter results by Suez showed a rise in group revenues of 4.4%. Most of the revenues were generated by the company’s European and North American energy activities. Suez’s water group is currently undergoing significant changes with the sale of Nalco. Revenues for Nalco were at $1,865 million, a decrease of 13%. Suez’s remaining ...
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