Swings and roundabouts in European water
- From: Vol 11, Issue 1 (January 2010)
- Category: General
- Region: Europe
- Country: Canada, France and Italy
- Related Companies: Acea, Agbar, BWT, Christ Water Technology, Cymtox Ltd., GdF Suez, GLV, Manila Water Company, Modern Water, Northern Gas Networks, Northumbrian Water, Ofwat, Pennon/South West Water, Pictet, Qatar Electricity & Water Company, Séché Environnement, Severn Trent, Suez Environment and Veolia Environnement (formerly Vivendi Environnement)
Picking the right stocks was the key to successful investment in European water last year. The de-listing of Agbar and Christ in 2010 will reduce the investible universe.
Shares in the world’s two largest water companies – Veolia Environnement and Suez Environnement – performed quite differently in 2009, though analysts are predicting a strong turnaround for Veolia this year under new CEO Antoine Frérot.
While Veolia had a flat 12 months, with its share price rising just 4.1% over the period amid market concerns about its debt ...
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