Vol 4, Issue 3 (March 2003)
Need to know
- COMPANY RESULTS/POLICY
France: Vivendi Environnement (VE) reported a 7.1% rise in net profits for 2002 of €339 million after posting a net loss of €2.3 billion in 2001.
France: Suez spent much of its time calming financial market nerves. On 26 February, the company’s stock was the subject of a wave of intense speculation with a block of 5.6 million shares changing hands.
Tanzania: A consortium of Biwater and Germany’s Gauff finally signed the lease contract to manage the Dar es Salaam Water and Sewerage Authority (see story, p.18).
Italy: The regional authorities of the drought-stricken Mediterranean island of Sardinia allocated €371 million to alleviate the area’s water crisis.
- Letter to the Editor
from: Jean-François Talbot Chairman and CEO, Saur International
France: A United Nations study on the state of the world’s water resources was released – to coincide with the Kyoto World Water Forum later this month.
- Playing hard to get in Kyoto
Staying out of the limelight might just do some good.
- Dawasa lease contract done
Biwater has put pen to paper at last.
- Developing projects in China
Asia’s biggest market shows great potential but investors need to proceed with caution.
- IFC enters Mexican municipal bond market
With a $3 million partial credit guarantee.
- LSWC accounts show signs of improvement
But it’s still an uphill struggle in Lagos.
- More ATOs to award concessions
A wave of direct assignments is expected before the switch to competitive tendering.
- Ondeo out of Thu Duc
The company has turned its back on Vietnam as well.
- Sabesp plans US$162 million of investment this year
Sewage treatment projects will benefit.
- Santa Catarina to allow greater municipal control
In a move which could spell the end of Casan.
- UK Water Bill published
The end of Ofwat.
- VA Tech Wabag wins Macau airport order
In a $5 million deal.
- Vivendi consortium frozen out of Sanepar
The state of Paranã has resumed management control of the company.
- Water services not included in WTO/GATS talks
A pronouncement against privatisation?
- West Manila goes to arbitration
Ondeo is seeking over $300 million.
- The future of the UK water industry
The water business in England and Wales is now an enticing prospect for banks and private equity firms.
- WestLB bids for AWG
Turned down, but for how long?
Performer of the month
- UK water shares advance after WestLB bid
The bid breathed new life into the utilities sector.