NEWS IN BRIEF – ASIA
- From: Vol 7, Issue 3 (March 2006)
- Category: Brief
- Region: Asia
- Country: Indonesia, Malaysia and Thailand
- Related Companies: Ch. Karnchang, Ebara, Kubota, Mitsui & Co., Syabas, Taisei, Thai Tap Water Supply and Thames Water
* More than a year after it announced its intention to sell its international interests outside Europe and North America, Thames Water has finally sold its 30% interest in Thai Tap Water Supply (TTW) to its partner in the project, Ch. Karnchang.
In a back-to-back transaction, Karnchang sold on the TTW stake to Mitsui & Co. for 3.6 billion Thai Baht ($90 million). TTW has a 30-year agreement with the Provincial Waterworks Authority of Thailand to supply drinking water in the provinces of Nakhon Pathom and Samut Sakhon, to the west of Bangkok. It also owns and operates the largest privately-owned water ...
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