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Acciona of Spain buys RWE's Pridesa water treatment unit for 150 million Euros
3.14.2006

MADRID (AFX) - Acciona SA said it has acquired RWE AG Thames Water's water treatment unit Pridesa in Spain for 150 million euros.

In a statement, the Spanish company said the deal strengthens its position in the desalination sector, placing it in a good position for internationally strategic water markets such as in the US, the UK, Italy, Portugal, Turkey, Egypt and China.

The operation is subject to anti-trust approval.

In 2005, Pridesa posted sales of 169 million euros on EBITDA of 14 million euros.