Suez chokes on Valencia Water
- From: Vol 9, Issue 7 (July 2008)
- Category: General
- Region: Europe
- Related Companies: Agbar, Aguas de Valencia, Agval, Saur, Suez and Suez Environment
As Aguas de Valencia prepares to de-list its shares, Suez’s role as a shareholder looks increasingly marginalised. AVSA’s Eugenio Calabuig talks to GWI about the future.
When Suez Environnement announced its acquisition of Saur’s 33% stake in Aguas de Valencia (AVSA) in October last year, it can’t have anticipated how tough it would be to achieve its stated objective of “actively collaborating to add value to the company”.
Suez, a leading shareholder in Agbar, AVSA’s main competitor, sensed a rare opportunity to expand ...
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