Biwater International Limited
The Biwater Group brings you a world of water expertise. We have designed and constructed water and wastewater treatment plants and leisure facilities, provided consultancy services and run water systems to millions of people in over 90 countries. Since starting in the United Kingdom in 1968 and through more than 100 years of experience via acquisitions we have developed and enviable global reputation for service, innovations and environmental responsibility. Our diverse businesses can take care of anything from providing a piped water supply to 4.2 million inhabitants in Malaysia, to constructing a sewage treatment works for Abu Dhabi to purchasing water companies in China. We pride ourselves in our competitive combinations of project management, technical expertise and independent financial strength. Our businesses understand the needs of our clients, working in close partnership with them to deliver clear and effective solutions in water and wastewater treatment, membrane technology and desalination, water asset management and consultancy, infrastructure ownership, investment and operation, package plants and products and leisure
Miss Hayley Thompson
Cascal N.V. Announces the Pricing of the Initial Public Offering of ITS Common Shares at $12.00 Per Share
New York - January 29, 2008 - Cascal N.V. ("Cascal") today announced the pricing of the initial public offering of its common shares at $12.00 per share. The securities offered include 8,710,000 shares to be issued and sold by Cascal as well as 3,290,000 shares to be sold by an indirect subsidiary of Biwater plc. The common shares are expected to trade beginning on January 29, 2008 on the New York Stock Exchange under the symbol "HOO."
Cascal intends to use a portion of the net proceeds it receives from the offering to repay debt and the balance to fund the acquisition and/or development of new projects and for general working capital purposes.
Cascal provides water and wastewater services to its customers in seven countries: the United Kingdom, South Africa, Indonesia, China, Chile, Panama and The Philippines. Cascal's customers are predominantly homes and businesses representing a total population of approximately three million.
JP Morgan and Credit Suisse are bookrunners and Janney Montgomery Scott LLC and HSBC are co-managers for the offering. The selling shareholder has also granted the underwriters an option to purchase additional shares at the initial public offering price. The offering will be made only by means of a prospectus.
When available, a copy of the prospectus relating to this offering may be obtained from:
J. P. Morgan Securities Inc.
National Statement Processing
4 Chase Metrotech Center
CS Level, NY 11245
Tel: (718) 242-8002
Credit Suisse Securities (USA) LLC
One Madison Avenue
New York, NY 10010
Tel: (800) 221-1037 Brooklyn
For further information please email Biwater Plc