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.
Business & Finance
Reuters reveals EQT readies $3.4 bln sale of French water services firm Saur
08 February 2022, 1:14 am 1 minute
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