Reuters exclusively reported that European buyout firm EQT is working with advisers to prepare the sale of French water management firm Saur in a deal that could value France’s third-biggest water firm at about 3 billion euros ($3.43 billion). EQT has hired Rothschild to sound out prospective bidders for its 70% stake in Saur ahead of an auction process that is expected to kick off later this year. The Stockholm-listed investment firm, led by Christian Sinding, is looking to cash out for about 3 billion euros after it took control of Saur in 2018 in a deal that saw BNP Paribas keeping a minority stake in the business.
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