BALLITO, SOUTH AFRICA, May 7, 2007 -- On 3 May 2007, Cascal acquired 73.4% of the equity in Siza Water, a company providing water and wastewater services to approximately 50,000 people in the Dolphin Coast region of South Africa.
Siza Water commenced operations in 1999 and serves the coastal town of Ballito and its surroundings. Ballito is approximately 40 kilometres north of Durban and is a fast growing residential and holiday destination.
Cascal acquired the equity in Siza Water from Finagestion, part of the French Bouygues group and three South African minority shareholders.
The acquisition of Siza Water is another milestone in Cascal's growth strategy. Siza Water, together with Cascal's current concession in South Africa, Silulumanzi, enhances our position as one of the major players in this market.
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