Enron - Natural Gas Industry Message Board

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Gold/Mining/Energy : Enron - Natural Gas Industry

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To: Geoff who wrote (74)	9/22/1998 5:11:00 PM
From: Geoff	Read Replies (1) of 1433

Looks like ENE is really serious about the water business, Bloomberg reports that ENE is considering bidding on Brazil's Sao Paolo water ute, estimated at some $5.1 Bln. ENE may be bidding against Lyonnaise des Eaux, etc.... This could be interesting, I wonder what kind of earnings that company has? The only think I'm not to crazy about is the all-cash nature of the deal, and that the winning bidder must assume 99.9% of all debt. However, this may end up being a bargain. Anyway, the sale is set for Sept 30th. later, geoff

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