SUEZ LYONNAISE DES EAUX and SOCIEDAD COMERCIAL DEL PLATA (SCP) have entered into an agreement whereby Suez Lyonnaise des Eaux will retake SCP’s water interests in Aguas Argentinas, Aguas de Santafé and Aguas Cordobesas in Argentina and Aguas de Illimani in Bolivia for US$ 150 million.

This transaction will allow Suez Lyonnaise des Eaux and AGBAR (Aguas de Barcelona) to take controlling position in the three Argentinian companies.

Gérard MESTRALLET, Suez Lyonnaise des EAUX‘s Chief Executive Officer and President of the Executive Board stated « after many years of a very positive working relationship and partnership with Sociedad Comercial del Plata, and its Chairman Santiago SOLDATI, we are very pleased to have entered into a transaction which advances both our strategic and financial objectives. Indeed, this transaction will be accretive to our earning per share from 1999 ».