Italy: Positioning for a privatisation play

Privatisation should bring rich pickings for investors – but only those with patience.

Water sector operators and investors have been looking at Italy as an Eldorado waiting to happen for quite a few years now. Hopes were first raised when the Galli Law was passed in 1994, setting out the framework for an overhaul of Italy’s fragmented and public-authority run water services.

Regional governments delayed transposition of the law, sometimes because of ...

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