CORPORATE NON-MOVES
- From: Vol 5, Issue 12 (December 2004)
- Category: Need to know
- Region: Europe
- Country: United Kingdom
- Related Companies: Augean, AWG, Berlinwasser, Bristol Water Holdings, British Waterways, Electrabel, Knight Vinke Asset Management, Mid Kent Water, Partnerships UK, Shell, Suez, Watergrid and WestLB
Activist fund manager Knight Vinke Asset Management has started a campaign to split Suez into two separate companies, one for energy and the other for water.
The fund manager, which was instrumental in untangling the dual listing of Royal Dutch Shell, feels that the current structure would help unlock shareholder value. The energy side of Suez is larger and more profitable than the water side, but investors have the option of investing directly in its principal asset, Electrabel, which has 45.3% of its stock quoted ...
Subscription required
To read this full article you must be subscribed to Global Water Intelligence.
Subscribe Now, Sign up for a Free Trial or Log In
