THE SUEZ DIET
- From: Vol 6, Issue 5 (May 2005)
- Category: Need to know
- Region: Unspecified
- Related Companies: Degrémont (Suez), Northumbrian Water, Ontario Teachers’ Pension Plan and Suez
Suez sold its remaining 25% interest in Northumbrian Water to Ontario Teachers’ Pension Plan, which agreed to pay €377 million in April.
The French company said the disposal furthered its strategy of focusing on less capital-intensive activities – Northumbrian is committed to an £839 million capital improvement programme up to 2010 – and would free up funds for it to expand into environmental activities elsewhere in Europe that offered higher returns.
The Ontario Teachers’ Pension Plan is one of the long-term financial investors – mainly ...
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