KNIGHT: RESTRUCTURE SUEZ

[BIZ: Brussels, January 3]
Eric Knight, the CEO of the Knight Vinke investment fund (that we have discussed before), is preparing moves to get the French-Belgium utility Suez, a Bel20 heavyweight, to restructure further. Knight Vinke recently added to its stock of Suez shares and says that the bid by Suez for Electrabel was an important step forward but that a great deal more could be done. In Het Financieele Dagblad, Knight said that the Suez participation is 30% of Knight Vinke’s equity, and that in the past he had repeatedly urged a division between the energy company on the one hand and the water and waste company on the other.
(Source: De Tijd)
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