Bloomberg News

Suez Agrees to Sell Stake in Budapest Water Works, Nemzet Says

April 17, 2012

Budapest officials have reached agreement with Suez Environnement SA (SEV) on the terms of repurchasing a 25 percent stake in the Hungarian capital’s water works, Magyar Nemzet reported, without citing anyone.

Budapest had previously offered to pay 15.1 billion forint ($66 million) for the stake in the water works, which Suez co- owns with RWE Aqua GmbH, and to assume 2.5 billion forint of debt, the newspaper said.

To contact the reporter on this story: Zoltan Simon in Budapest at zsimon@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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