Sharks and minnows – the reality of Chinese bidding strategies
- From: Vol 8, Issue 9 (September 2007)
- Category: General
- Region: Asia
- Country: China
- Related Companies: Beijing Capital Group, Beijing Sound Group, Everbright Water, Haikou Water Group, Lanzhou Water Supply Co, Sino-French Holdings, Tianjin Water Supply Co, Veolia, Wuxi Water Group and Yangzhou Yangcheng Water Co
As the high-profile bidding saga continues for large Chinese water concessions, GWI’s China Editor Kathy Liu explains how some of the smaller players are happier following the ancient philosophy of Sun Tzu.
Encouraged by the 280% premium paid for 45% of the Lanzhou Water Supply Company earlier this year, and the 206% premium offered for a 50% stake in the Haikou Water Group, Chinese local governments are understandably keen to transfer their water assets to the private sector.
China has over 650 water supply companies and over 800 wastewater treatment plants, some ...
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