In Brief - Europe
- From: Vol 10, Issue 4 (April 2009)
- Category: Brief
- Region: Europe
- Country: Austria, France, Italy and United Kingdom
- Related Companies: Acque Potabili SpA, Aqua Engineering, Bristol Water, Calyon, Christ Water Technology, Deutsche Bank, Merrill Lynch, Moody’s, Osprey, Standard & Poor’s, United Utilities and Veolia Environnement (formerly Vivendi Environnement)
* With shares in Christ Water Technology still languishing below €1.00, both Pictet and Invesco have reduced their stakes to below 5%. Meanwhile, Christ’s subsidiary Aqua Engineering has been awarded a €60 million water treatment contract in South Africa.
The contract covers the design and construction of a pre-treatment and demineralisation facility, as well as a condensate polishing plant.
* United Utilities Water has raised a further £275 million of 5.75% 13-year bonds via Deutsche Bank. UU also privately placed a Yen 5 billion floating-rate note due in October 2017 via Merrill Lynch. The latter deal pays 130bps over ...
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