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KKR scoops up South Staffs at an attractive price

KKR looks to have bagged itself a sweet deal by agreeing to acquire South Staffordshire plc from Alinda Capital Partners, after the previous bidding process all but petered out last month.

With no real competition for the asset, Alinda is likely to have accepted a lower price than it had initially been hoping for, in order to shift the asset ...

Veolia shares rally on cost-cutting, reorganisation

Veolia shares closed at their highest level in over a year after the company revealed an increased cost-cutting programme and a new organisational structure in tandem with its first-quarter results announcement.

The less than stellar first-quarter numbers – which showed adjusted operating cashflow down 6.7% at €542 million on revenues of €5.76 billion (down 3.9%) – were somewhat drowned ...

Kelda investors set to monetise stakes ahead of AMP6

Two Yorkshire Water shareholders could sell up to 30% of the equity in the company in the coming weeks.

Citi Infrastructure Investors and Infracapital have appointed Macquarie Capital to advise them on the sale, and the Australian bank is expected to initiate the process before the end of June.

Infracapital is looking to offload its entire 13.16% interest to ...

Saudis ink $578m water deal for world’s tallest tower

Saudi Arabia’s National Water Company (NWC) has signed an SAR2.2 billion ($587 million) deal to provide drinking water and treated wastewater to the development that will include the world’s tallest building.

The 25-year deal will see NWC supply 70,000m³/d of potable water and 86,000m³/d of treated wastewater to the Jeddah Economic Company, which ...

NWC calls for industry to drive Aussie water reform

In an impassioned speech at the Ozwater 2013 event in Perth earlier today, National Water Commission chair Karlene Maywald called on Australia’s governments to “step back from direct intervention in urban water and give the industry incentives and freedom to innovate”.

While the question during the Millennium drought centred on what governments should do to address water resourcing challenges ...

Canal Isabel II pays €106m for Lanzarote concession

More details have emerged on the 30-year integral water cycle concession for the Canary island of Lanzarote, which was won by Madrid’s public water company Canal Isabel II (CYII) last month with a bid valued at €106 million over the first five years.

The deal, which guarantees CYII a 6% return on investment, involves a €15 million initial canon ...