Reuters reveals EQT readies $3.4 bln sale of French water services firm Saur - Reuters News Agency
Business & Finance

Reuters reveals EQT readies $3.4 bln sale of French water services firm Saur

Reuters exclusively reported that European buyout firm EQT is working with advisers to prepare the sale of French water management firm Saur in a deal that could value France’s third-biggest water firm at about 3 billion euros ($3.43 billion). EQT has hired Rothschild to sound out prospective bidders for its 70% stake in Saur ahead of an auction process that is expected to kick off later this year. The Stockholm-listed investment firm, led by Christian Sinding, is looking to cash out for about 3 billion euros after it took control of Saur in 2018 in a deal that saw BNP Paribas keeping a minority stake in the business.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & FinanceEquities
Regions: Europe
Countries: Spain
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
Swedish private equity group EQT CEO Christian Sinding poses for a picture at the companyÕs headquarters in Stockholm, Sweden June 24, 2019. Picture taken June 24, 2019. REUTERS/Esha Vaish
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