Insight - David Lloyd Owen
- From: Vol 7, Issue 5 (May 2006)
- Category: Analysis
- Region: Europe
- Country: Spain
- Related Companies: Aguas de Barcelona, Aqualia, Bristol Water Holdings, Cambridge Water, Cheung Kong Group, Ecofin Water and Power Opportunities, FCC, Penta, Proactiva, SmVaK, Union Fenosa, Veolia and Western Water Company
Spain’s conquistadors have been making some safe European purchases to balance their portfolios.
In the past, it has been tempting to regard Aguas de Barcelona and FCC’s Aqualia as the younger cousins of Suez and Veolia, but over the last few months they have both become a bit more independent, while putting the French majors’ words into action.
The acquisition of SmVaK, the Czech water and sewerage company, by FCC and Britain ...
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