- Press Releases
In an agreement concluded today, SUEZ and CriteriaCaixa sold their stakes1 in Aguas de Valencia to Fomento Urbano de Castellón 2.
The total value of this transaction, which regards 33.06% of the shares of Aguas de Valencia, is €70 million.
Fomento Urbano de Castellón now owns 97.35% of the shares of Aguas de Valencia.
CriteriaCaixa is a holding company fully controlled by the “la Caixa” Banking Foundation, which manages all of the Group's shareholdings in strategic sectors, including energy, infrastructure, services, and real estate. It also manages the shareholdings of CaixaBank, the leading financial group in the Spanish retail banking market.
The company seeks to create value by actively managing its portfolio and assets. The gross value of its portfolio as of 31 December, 2015 was €23.8 billion (net value, including debt, was €15.4 billion). Its portfolio includes top-tier companies that are leaders in their respective business sectors, with great capacity to create value and profitability.
1 Up to 18.55% and 14.51%, respectively.
2 Via its subsidiaries IF Agval, Valoria 2015, and Aguas de Valencia (in treasury shares).
- Barcelona, Monday 12 de September of 2016