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Suez Environnement part of bidding consortium for EYATH - report.

MANews-(C)2009-2013

30 April 2013 a[euro]" A consortium including Suez Environnement Company SA (EPA:SEV) isA among groups that have made non-binding offers to acquire a 51% stake in Thessaloniki Water Company (EYATH) from the Greek government, Reuters reported, quoting a source at the country's privatisation agency.

The privatisation body said four groups had bid for the utility, which is 74%-owned by Greece, without disclosing the names of the suitors.

According to the insider, one of the groups is led by Suez and Greek construction company Ellaktor SA, anotherA consistsA of local building group GEK TERNA, Isreal's Mekorot and entrepreneur George Apostolopoulos, while a third one is headed by businessman Ivan Savvidis.

The transaction is seen to be wrapped up by the end of 2012. It would back Greece's goal to sell off EUR2.6bn (USD3.4bn) of assets this year.

The French environmental services provider already holds a 5% stake in EYATH, whose market value amounts to some EUR211m, Reuters notes.Country: GreeceSector: UtilitiesTarget: Thessaloniki Water Company (EYATH)Buyer: Consortium led by Ivan Savvidis, Consortium with unnamed members, Consortium of GEK TERNA, Mekorot, George Apostolopoulos, Consortium led by Suez Environnement Company SA and Ellaktor SAType: PrivatisationStatus: BiddingComment: Biddders are speculated.

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Publication:M & A Navigator
Date:Apr 30, 2013
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