Spain s FCC buys US oil waste treatment groups from Siemens for 182.5 mln usd
Posted by Mark Frost on Dec 11, 2007
MADRID, Dec. 11, 2007 (Thomson Financial delivered by Newstex) — Fomento de Construcciones y Contratas SA has acquired US oil waste treatment groups Hydrocarbon Recovery Services Inc. (HRS) and International Petroleum Corp from Siemens (NYSE:SI) Water Tecnologies Corp, a unit of Siemens AG, for 182.5 mln usd. In a statement, FCC said the two US groups will be integrated into its FCC Ambito arm. HRS and International Petroleum operate in 21 states and serve 160 mln residents.
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