Agbar in JV with engineering group
- From: Vol 4, Issue 7 (July 2003)
- Category: General
- Region: Europe
- Country: Spain
- Related Companies: Aguas de Barcelona, EMTE and Gymsa
The deal signals Agbar’s desire to diversify into areas with “maximum technological value”.
Aguas de Barcelona (Agbar), the dominant force in Spain’s private water sector, announced last month that it is to acquire an initial 35% stake in the Catalan industrial maintenance and environmental engineering company, EMTE.
Under the terms of the agreement, Agbar’s stake will rise to 50% by 2006 through a capital injection and the purchase of shares. Agbar ...
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