UK: predicting the future
- From: Vol 2, Issue 7 (July 2001)
- Category: Market insight
- Region: Europe
- Country: United Kingdom
- Related Companies: AWG, Glas Cymru, Mid Kent Water, Severn Trent Water, Thames Water, TXU/TXU Europe and WestLB
Restructuring options and the future shape of the UK water industry were the main talking points at this year’s excellent IEA water conference, held in London in June. A speaker panel which included several water company CEOs and industry advisors discussed how the sector could create value for its shareholders and go about securing the funding necessary to meet its massive CAPEX burden.
Those favouring the equity model said there were still good reasons to invest in the sector. In the case of Thames, total shareholder return since privatisation in 1989 had been over 800% before the company’s acquisition by RWE. UK water companies also have valuable capabilities and a number of international positions.
The problem is that the sector has traded ...
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