The price of controlling Agbar
- From: Vol 8, Issue 10 (October 2007)
- Category: General
- Region: Europe
- Country: Spain
- Related Companies: Aguas de Barcelona, Criteria Caixa, Gas Natural, Gaz de France, Hisusa, La Caixa, Repsol and Suez
The mechanism for the joint bid for control of Agbar has now been settled. There is still potential for conflict over energy interests in southern Europe.
New Spanish takeover regulations have obliged Suez and la Caixa to raise the offer price in their bid to gain control of Agbar, a move which is designed to pre-empt a hostile takeover attempt on Spain’s largest private water company.
The French and Catalan companies have added 65 cents to their original offer of €27 per share for the ...
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