AZURIX
April 1st, 2001
BY MIKE FOXAZURIX, the troubled water subsidiary of the giant energy company Enron, has confirmed that it would like to sell its north American water interests.Azurix has a company policy of not commenting on its plans for acquisitions or divestments, but the potential sale of its north American subsidiary was revealed when it put in a bid to develop a US$150million water treatment plant that would eventually form part of a US$2billion distribution system in Houston Texas, home to the corporate headquarters of both companies.Under the terms of the bidding process ...
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