Reuters reveals EQT readies $3.4 bln sale of French water services firm Saur

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.