Aguas de Valencia heads for de-listing
- From: Vol 9, Issue 5 (May 2008)
- Category: General
- Region: Europe
- Country: Spain
- Related Companies: Agbar, Aguas de Valencia, Agval and Suez
Local shareholders are looking to squeeze Suez out by buying up the listed portion of the stock. They have already consolidated control at the holding company level.
Aguas de Valencia’s board is to ask its shareholders at a meeting in June for agreement to de-list the company from the Barcelona and Valencia bourses in a move widely interpreted as part of a strategy by its majority owner to persuade Suez to sell its 33% stake in the company.
An announcement made public in April indicates that ...
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