France's FSI confident in Saur debt restructuring talks

PARIS, June 7 Fri Jun 7, 2013 10:54am EDT

PARIS, June 7 (Reuters) - French state holding company FSI, the leading shareholder in Saur, said on Friday it was confident of a positive outcome of debt restructuring talks at the unlisted water and waste treatment company.

"Important progress has been made in the past few days. We expect a positive outcome for these talks," FSI chief executive Jean-Yves Gilet told Reuters.

Saur said in April it had received three offers to refinance its debt as it tries to ease the costs of a 1.8 billion euros ($2.31 billion) debt pile. (Reporting by Matthieu Prothard; writing by Geert De Clercq; Editing by Anthony Barker)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.