IPO NEWS
- From: Vol 9, Issue 7 (July 2008)
- Category: Need to know
- Region: Unspecified
- Related Companies: Aguas de Barcelona, Aguas de Valencia, IDE Technologies, Saur, Suez Environment and Veolia
* The collapse of the Veolia share price will have a knock-on effect on the value of Suez Environnement, which is due to get a separate listing in Paris on 22 July.
To help investors take a view on the value, the company published some comparable multiples based on average share prices in the month to 11 July. These included: In March there was talk of Suez being priced at a 30% discount to Veolia. If the people flogging Suez Environnement have any sense, they will sell the stock as a defensive ...
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