IPO SPECULATION
- From: Vol 10, Issue 9 (September 2009)
- Category: Need to know
- Region: Unspecified
- Country: Austria, China, India and Israel
- Related Companies: Chongqing Water Group, European Investment Bank, IDE Technologies, New World Holdings and VA Tech (Wabag)
Austrian-Indian EPC contractor Wabag is being scrubbed up for an initial public offering, probably on the Bombay Stock Exchange.
* There is an unusual history. The company used to be part of the Austrian VA Tech Group, and bled unimaginable amounts of cash in the early 2000s. The Indian subsidiary – the only bit which really made any money – was sold off to ICICI Ventures in 2005, while the Austrian parent was slowly brought round to profitability by Siemens. ICICI then ...
Subscription required
To read this full article you must be subscribed to Global Water Intelligence.
Subscribe Now, Sign up for a Free Trial or Log In
