Tuesday, June 12, 2007

Veolia Plans to Raise $3.5 Billion Selling New Shares to Fund Acquisitions

(Bloomberg) -- Veolia Environnement SA, the world's
biggest water company, plans to raise 2.6 billion euros ($3.5
billion) from a sale of new shares following the acquisition of
waste-treatment companies in the U.K., Germany and Italy.

Veolia shareholders can buy one new share for every eight
held at a price of 49.70 euros apiece, the Paris-based company
said today in an e-mailed statement. That's 15 percent less than
yesterday's closing price of 58.67 euros.


Read more at Bloomberg Energy News

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