January 18, 2008 / 5:20 PM / 12 years ago

UPDATE 1-Suez, Criteria plan for 30 pct Agbar free float

(Rewrites with listing plans)

MADRID, Jan 18 (Reuters) - French utility Suez LYOE.PA and Spanish holding company Criteria Caixa Corp CRIT.MC, who now control 90 percent of water utility Aguas de Barcelona AGS.MC, plan to keep Agbar listed with a free float of about 30 percent within two years.

“It’s our intention to to keep Agbar as a listed company with a capital free float of around 30 percent within two years the companies said in a statement.

Suez and Criteria bought a further 33.55 percent of Agbar through a public offer, data filed with Spain’s market regulator on Friday showed.

Suez and Criteria, which is the holding company for the industrial and financial holdings of savings bank La Caixa, had bid 27.65 euros per share for the stock they did not already own.

Criteria said it plans to take an active part in the management of Agbar together with Suez. (Reporting by Elisabeth O’Leary and Joe Ortiz; Editing by Quentin Bryar)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below