Budapest mayor, Suez CEO agree on repurchase of stake in waterworks

Parliament

Budapest mayor István Tarlós agreed on Monday with French utilities company Suez Environment CEO Jean-Louis Chaussade on the repurchase of a minority stake in the capital's waterworks, the mayor's office told MTI.

Tarlós will speak about the details of the agreement at a press conference on Tuesday afternoon, the mayor's office said.

The local council approved in March a letter of intent on the repurchase of the 25% stake in the waterworks held by Suez and Germany's RWE for HUF 15.1 billion. The local council mandated Tarlós to terminate the city's contract with the two companies if the repurchase was not finalized.

ADVERTISEMENT

Hungarians Want to Live to 96 Analysis

Hungarians Want to Live to 96

MPs time local elections to coincide with EP election Elections

MPs time local elections to coincide with EP election

Wizz Air Malta Names Managing Director Appointments

Wizz Air Malta Names Managing Director

Muni Council Organizing Meeting to Improve Air Quality City

Muni Council Organizing Meeting to Improve Air Quality

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.