GOING PUBLIC
- From: Vol 9, Issue 4 (April 2008)
- Category: Need to know
- Region: Unspecified
- Country:
- Related Companies: (RWE) Rhein Ruhr Partners , Energy Recovery Inc and Future Pipe Industries
* After a faltering start to 2008, the IPO calendar in the water sector has really picked up pace, with three deals set to be priced over the next few weeks.
RWE is looking to raise up to $1.9 billion by selling a chunk of American Water. The indicative price range of $24.00-$26.00 values the equity at between $3.84 billion and $4.16 billion, which is less than the $4.6 billion RWE paid for it back in 2003 (debt has increased by $1 billion to ...
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