EUROPEAN DEALS
- From: Vol 7, Issue 5 (May 2006)
- Category: Need to know
- Region: Europe
- Country: Czech Republic and United Kingdom
- Related Companies: Aguas de Barcelona, Bristol Water Holdings, FCC, Folkestone & Dover Water Services, Hisusa, Royal Bank of Scotland, SmVaK, Southern Water, Suez, Tendring Hundred Water, Three Valleys Water and Veolia
* Agbar and Suez seem to be moving in different directions in Europe as well as Latin America.
Although Suez controls Agbar through a 1.4% direct holding and a 51% interest in Hisusa (which holds 47.2% of Agbar), the Spanish water company does not seem constrained by Suez’s strategy. Last month it made an offer for Bristol Water for a massive 42% premium to its regulated asset value, despite Suez’s decision to exit the ...
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