PRIVATE BATTLES
- From: Vol 7, Issue 1 (January 2006)
- Category: Need to know
- Region: Unspecified
- Country: France, Italy and Spain
- Related Companies: Aguas Alberdi, Aguas Argentinas, Aguas de Barcelona, Aguas de Santa Fé and Passavant Espana
* Santa Fe shareholders led by Suez and Agbar have voted to hand over control of Aguas Provinciales de Santa Fe to the Argentine government after failing to reach an agreement on transferring ownership to private investors.
Suez had planned to sell 77.5% of the company to local group Aguas Alberdi, allowing Spain’s Passavant Espana to operate the concession. But an Argentine government demand that Suez and Agbar first withdraw their lawsuit with the World Bank’s International Centre for the Settlement of Investment Disputes for $310 million in damages caused the deal to collapse ...
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