6-K

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 6-K

Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16

Under the Securities Exchange Act of 1934

For the month of June 2008

Commission File Number 001-33921

Cascal N.V.

(Translation of registrant’s name into English)

Biwater House, Station Approach, Dorking, Surrey, RH4 1TZ, United Kingdom

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  x  Form 40-F  o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o No x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):  82-                    .

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Press Release

On June 30, 2008, Cascal N.V. (“Cascal”) issued a press release announcing the company’s completion of two new acquisitions in Chile. A copy of this press release is furnished as Exhibit 106 hereto.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Cascal N.V.
(Registrant)
	By:	/s/ Stephane Richer
		Name: Stephane Richer Title: Chief Executive Officer
	By:	/s/ Steve Hollinshead
		Name: Steve Hollinshead Title: Chief Financial Officer

Date:  June 30, 2008

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EXHIBIT INDEX

Exhibit	Description of Exhibit
106	Press release - “Cascal N.V. Completes Two New Acquisitions in Chile”

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EX-99.106

 

For Immediate Release

Investor Contacts:

KCSA Strategic Communications

Jeffrey Goldberger / Yemi Rose

+1 212.896.1249 / +1 212.896.1233

jgoldberger@kcsa.com / yrose@kcsa.com

Cascal N.V. Completes Two New Acquisitions in Chile

_ _ _

Acquisitions increase Cascal’s presence in Chile to nearly 500,000 residents

London, U.K., June 30, 2008 - Cascal N.V. (NYSE: HOO) (“the Company”), a leading provider of water and wastewater services in seven countries, today announced that it has acquired100 percent of the Servicomunal and Servilampa companies located immediately to the north of Santiago, Chile. These two new businesses operate perpetually held, regulated water and wastewater concessions and will be progressively combined with Cascal’s existing operations to provide greater efficiencies.

Over the initial 3 years, Cascal expects these acquisitions to achieve revenues rising from approximately $6 million to approximately $8 million and EBITDA margins improving from approximately 40 percent to approximately 50 percent. Cascal funded these acquisitions by utilizing approximately $22 million from its existing corporate debt facility.

With a combined 23,000 connections, the Servicomunal and Servilampa companies serve a population of approximately 100,000, mainly in the municipality of Colina. The newly acquired businesses provide an opportunity for Cascal to combine operationally its Santiago-based businesses, with shared management, accounting systems, payroll, billing and repair crews.

Cascal Chief Executive Officer, Stephane Richer, commented, “These new acquisitions increase our project footprint in a region that we consider to have excellent growth potential. The size and location of the new business units will also enable synergies with our existing operations in Santiago and lead to improved margins. We have carefully evaluated these acquisitions, and we are confident they will complement our existing project portfolio.”

During the last three years, the municipality of Colina, located in the northern part of the Santiago Metropolitan Region, has become a strategic expansion zone for Santiago. Highlights of the development master plan project the municipality of Colinaas the main growth area for housing, schools and industry.

About Cascal N.V.

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 3.6 million.

Forward-looking statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance. There are important factors, many of which are outside of our control, that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: general economic business conditions, unfavorable weather conditions, housing and population growth trends, changes in energy prices and taxes, fluctuations with currency exchange rates, changes in regulations or regulatory treatment, changes in environmental compliance and water quality requirements, availability and the cost of capital, the success of growth initiatives, acquisitions and our ability to successfully integrate acquired companies and other factors discussed in our filings with the Securities and Exchange Commission, including under Risk Factors in our Form 20-F for the fiscal year ended March 31, 2008, filed with the SEC on June 25, 2008. We do not undertake and have no obligation to publicly update or revise any forward-looking statement.

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