Water investors play the Continental divide
- From: Vol 13, Issue 1 (January 2012)
- Category: General
- Region: Europe
- Country: France and United Kingdom
- Related Companies: Acea, BWT, Gruppo IREN, Kemira, Modern Water, Pennon, Qatar Electricity & Water Co, Séché Environnement, Severn Trent, Suez Environment , United Utilities and Veolia Environnement (formerly Vivendi Environnement)
The relative safe haven of the UK listed water utilities was the only saving grace for investors with exposure to European water stocks last year. Have prices bottomed out?
European water stocks – with the exception of the three remaining listed UK water and sewerage companies – had a dismal year in 2011, as all but one of their share prices plunged by more than 40% over the 12 months to the end of December.
The French global giants Suez Environnement and Veolia Environnement were among the worst hit, as their ...
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