EUROPE WATER IN BRIEF
- From: Vol 12, Issue 1 (January 2011)
- Category: Brief
- Region: Europe
- Country: Austria, Netherlands, Spain and United Kingdom
- Related Companies: AEOPAS, Agbar, Aigües de Sabadell (CASSA), BWT, Degrémont (Suez), Hydraulic Machines & Systems Group (HMS), Saur, Veolia OTV and Ysro b.v.
* Long-term Dutch shareholder Ysro b.v. announced in early January that it had reduced its holding in Austrian water technology company BWT AG from 31.5% to below 25%.
The move came just weeks after BWT announced that it expected a decline in its net earnings for the year ahead, driven partly by advertising expenditures associated with a planned €75 million investment programme for 2011/2012. More than 50% of BWT’s share capital is now in free float.
* Agbar has failed in its bid to take over rival ...
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