9 articles about "First Aqua"
The water sector recycled – courtesy of private equity.
The parties bidding for Southern Water will have to deal with gearing of 95% and a potential purchase price exceeding 140% of the company’s RAV.
The water business in England and Wales is now an enticing prospect for banks and private equity firms.
Unable to maintain the momentum from April, the UK water industry finished May flat with the FTSE water index posting a less than 0.5% gain for the month.
The UK water industry made a late rally in April, pushing the FTSE water index into the black. The water index jumped more than 183 points, or 6%, marking the largest monthly gain in well over a year. Across the board, the UK water industry saw positive gains for the month.
US markets started to recover in March. The Dow Jones Industrial hit a high for the year of 10,635 and water companies enjoyed the market surge. With few exceptions, the industry showed overall positive gains for the month.
ALTHOUGH MAINTAINING that it is more interested in asset operation than ownership, Vivendi Environnement has vnevertheless acquired an option to buy a strategic stake in Southern Water.
Asian analysts have reacted positively to the acquisition of Wessex Water by YTL Power International in terms of the price and quality of assets, although some have expressed reservations about taking on Wessex’s debt.