Suez to sell Northumbrian Water
- From: Vol 4, Issue 2 (February 2003)
- Category: Companies
- Region: Europe
- Country: United Kingdom
- Related Companies: Essex & Suffolk Water, Morgan Stanley, Northumbrian Water, Ondeo/Suez, Royal Bank of Scotland and WestLB
In an attempt to improve its debt position.
The Suez group has put its UK water and sewerage company Northumbrian Water up for sale. Northumbrian serves an area in the northeast of England centred around Newcastle, Durham and Teesside. Suez owns 97.5% of the company. Morgan Stanley is to manage the sale.
The move follows the French group’s withdrawal from its water services operation in Atlanta ...
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