AdP sells Aquapor for €63m
- From: Vol 9, Issue 8 (August 2008)
- Category: General
- Region: Europe
- Country: Portugal
- Related Companies: Aguas de Portugal and Aquapor
The privatisation of Aquapor raised more money than expected. The new owners are banking on future tariff increases to justify the price they paid.
State-owned Aguas de Portugal (AdP) last month announced the sale of its retail water business, Aquapor, to the Portuguese consortium of DST and ABB, whose offer of €62.96 million beat bids from two other Portuguese groups. The sale is expected to be completed in the third quarter of 2008, following authorisation from Portugal’s competition authority.
The privatisation of ...
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