CORPORATE DIRECTION
- From: Vol 6, Issue 8 (August 2005)
- Category: Need to know
- Region: Unspecified
- Country: Argentina
- Related Companies: Acea, Aguas Argentinas, AMGA, Electrabel, Knight Vinke Asset Management, Pridesa, RWE/Thames (Water) and Suez
Suez announced an €11.2 billion bid for the 49.9% of Electrabel that it does not already own.
If the deal goes ahead, it will radically alter the balance between water and energy in the Suez portfolio. Electrabel contributed revenues of €12.1 billion towards Suez’s €40.7 billion total revenues, whereas water revenues totalled just €7 billion. Shareholder activist Knight Vinke Asset Management is already on the case, calling for further restructuring of the group to ...
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