Monday, June 11, 2007

UPDATE 1-Veolia launches rights issue, to buy U.S. firm

(Reuters) - The capital increase with preferential subscription rights
will be at a price of 49.70 euros per new share, the French
utility group said in a statement. Veolia's existing shares
closed trading on Monday at 58.67 euros.




Veolia, which has been on a buying spree since the middle of
last year, said Boston-based Thermal North America Inc focuses
on investments in district heatings and cooling systems and the
acquisition would lift the market share of its Dalkia heating
division to 10 percent in the region.


Read more at Reuters.com Bonds News

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