CORPORATE
- From: Vol 4, Issue 9 (September 2003)
- Category: Need to know
- Region: Unspecified
- Country: France, Philippines, Sweden and United Kingdom
- Related Companies: Aguas de Barcelona, Apollo Management, Ayala Corporation, Blackstone Group, BPI Capital Corporation, Goldman Sachs, Nalco, Suez and United Utilities
France: Suez completed the sale of Nalco to a consortium comprised of the Blackstone Group, Apollo Management and Goldman Sachs Capital Partners.
The transaction value was $4.35 billion. Suez said the disposal of its water treatment chemicals and industrial process water subsidiary would reduce group debt by around $3.8 billion after a €700 million exceptional charge. The transaction would also boost group profitability by improving the return on capital employed, Suez added. Conclusion of the sale means that Suez has ...
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