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EU: Largest EU water co shrinks

By  |  September 10, 2013

Europe’s largest water company, Veolia Environment, said it will sell nearly 25 percent of its stake in Germany’s largest water company, Berlinwasser, for about $792 million.

Veolia will sell the 24.95 stake to the state of Berlin as part of its large-scale, $8 billion divesture plans, which have been in the works for nearly two years.

The deal remains subject to regulatory approval by the European Commission as well as regulators within Germany.

Veolia is based in Paris.

Full Content: Bloomberg

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