DEALS
- From: Vol 5, Issue 1 (January 2004)
- Category: Need to know
- Region: Unspecified
- Country:
- Related Companies: Acea, Acquedotto Pugliese, Aguas de Barcelona, AMGA, Caja Madrid Bolsa, Dexia, Enel, Lehman Brothers, Ondeo/Suez, PricewaterhouseCoopers, Rabobank, Sino-French Holdings, Suez, Veolia Environnement (formerly Vivendi Environnement) and Veolia Water
Veolia took the biggest water deal of the year just before Christmas when it was awarded a 50-year contract for outsourcing water services in the city of Shenzhen worth €8.5 billion.
Shenzhen, which is near the border with Hong Kong, is one of China’s special economic zones and has a fast-growing population of more than 2.2 million. Veolia’s partner in the deal, the Beijing Capital Group – a state-owned enterprise which started out as part of the Beijing Municipal Government – is aggressively expanding its financial interests across the country ...
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