Séché moves to take control of Saur
- From: Vol 9, Issue 6 (June 2008)
- Category: General
- Region: Europe
- Country: France
- Related Companies: CDC, Hime, Saur and Séché Environnement
CDC is looking to offload part of its stake in Saur just one year after buying into the company. 33% owner Séché Environnement wants to boost Saur’s profitability before it commits to the purchase.
Séché Environnement has moved to take operational control of Saur, France’s third-largest water company, by negotiating the purchase of an 18% stake from its strategic partner CDC. Séché has held 33% of Hime, Saur’s holding company, since April 2007, with CDC holding 47% and AXA the remaining 20%.
Under the new agreement, Séché’s 20 ...
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