Sembcorp sets out its global ambitions
- From: Vol 11, Issue 5 (May 2010)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Bournemouth & West Hampshire Water, Cascal and SembCorp Utilities
Sembcorp's swoop on Cascal clearly demonstrates the extent of its ambition. Slow growth in the UK could suggest a portfolio re-shuffle.
The acquisition of Cascal will provide Sembcorp with access to a broad portfolio of municipal operating contracts, in addition to regulated assets in the form of UK water-only company Bournemouth and West Hampshire Water.
While Cascal's international divisions have been growing at around 15%, growth in the UK regulated business is pedestrian at best, and although Cascal derives half ...
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