Last week imminent resumption of SAUR, french number three from the water. In France, SAUR serves 5.5 million customers in about 6700 communes and towns (including those of Nimes, and Royan Brive) for drinking water and sewage treatment. In addition, it has a subsidiary "clean", Coved. The company is at the origin of new solutions of cleansing water such Rhizostep ®, a treatment system 100% biological basis of reeds. SAUR has 6800 employees, its net turnover amounted to € 896 million in France in 2005. Owned by Bouygues until 2005, it belonged to PAI parterns who has sold two weeks ago.
One of the tenders for the repurchase of the company came from the Australian investment fund Macquarie, which greatly worried the Association of Mayors of France. He was concerned about a possible loss of jobs and a negative change in terms of investment. You should know that SAUR focuses communes in rural areas.
On the night of 18/03, PAI insisted on the need to negotiate exclusively with the Caisse des Depots et Consignations, which works together with a fund infrastructure and Axa Séché Environnement, a specialist in the treatment and recycling of waste, what project. The purchase price of SAUR amounts to 1.72 billion euros, while the bill is 2.3 billion euros (including debt). The announcement was a surprise, since Marcquarie was regarded as a favorite in this case.
Now the Deposit is the largest shareholder of SAUR with 47%, followed by Dried environment with 33% and AXA Infrastructure Investment with 20%.
Apparently the Caisse des Depot takes over a protective role in promoting certain industries in France, especially in regard to the environment. These actions are quite desirable, and especially in the field of environment. The sector is not yet officially considered as strategic, but it is quite possible that it be soon. The environmental problems are becoming more numerous, water reserves on earth are not unlimited. Unfortunately, the financial reserves of the Caisse des Depots are not either. If she wants to ensure quality of work and preserve jobs linked to the sectors of the environment, it should not be alone in its approach.
The environmental industry will grow, it's just a matter of time. With the growing number of problems concerning the environment and pollution, we will have to find solutions. It is a shame that France does not seize this opportunity
One of the tenders for the repurchase of the company came from the Australian investment fund Macquarie, which greatly worried the Association of Mayors of France. He was concerned about a possible loss of jobs and a negative change in terms of investment. You should know that SAUR focuses communes in rural areas.
On the night of 18/03, PAI insisted on the need to negotiate exclusively with the Caisse des Depots et Consignations, which works together with a fund infrastructure and Axa Séché Environnement, a specialist in the treatment and recycling of waste, what project. The purchase price of SAUR amounts to 1.72 billion euros, while the bill is 2.3 billion euros (including debt). The announcement was a surprise, since Marcquarie was regarded as a favorite in this case.
Now the Deposit is the largest shareholder of SAUR with 47%, followed by Dried environment with 33% and AXA Infrastructure Investment with 20%.
Apparently the Caisse des Depot takes over a protective role in promoting certain industries in France, especially in regard to the environment. These actions are quite desirable, and especially in the field of environment. The sector is not yet officially considered as strategic, but it is quite possible that it be soon. The environmental problems are becoming more numerous, water reserves on earth are not unlimited. Unfortunately, the financial reserves of the Caisse des Depots are not either. If she wants to ensure quality of work and preserve jobs linked to the sectors of the environment, it should not be alone in its approach.
The environmental industry will grow, it's just a matter of time. With the growing number of problems concerning the environment and pollution, we will have to find solutions. It is a shame that France does not seize this opportunity
posted by news of france at
8:09 AM
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