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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 ...

Market eyes credibility of prospective EYATH bidders

Four consortia have submitted expressions of interest in acquiring a 51% stake in Greek water concessionaire Thessaloniki Water (EYATH) from the Hellenic Republic Asset Development Fund.

Suez Environnement – which already holds around 5% of EYATH – is understood to have partnered with Greek construction group Ellaktor, while Israeli bulk water supplier Mekorot has teamed up with Greek energy, real estate and ...

Austrian multi-utility shuts international water arm

WSG Wasser Service GmbH, the international water arm of Austrian multi-utilty Salzburg AG, has ceased business activities, as the parent re-focusses its attention on its core domestic market.

The division was launched to great fanfare in October 2007, but despite winning a high-profile contract to operate the water and wastewater treatment infrastructure at the King Abdullah University of Science and ...

IFC to extend $150 million loan to Manila Water

The IFC is planning to extend an 18-year loan of up to $150 million to Manila Water to cover part of the company’s $1.54 billion capex programme for 2013-2017.

The size of the deal reflects the IFC’s increased willingness to commit sizeable chunks of debt capital to individual water initiatives. Last month, it announced that it is ...

Yorkshire Water debuts in Aussie dollar bond market

Yorkshire Water has become the first UK water company to issue an Australian dollar-denominated bond, taking advantage of strong demand for regulated asset exposure from Australian-domiciled investors.

The A$50 million 10-year deal marks the latest innovative move from dealer Commonwealth Bank of Australia, which placed the first ever Class B bond from a UK water company into the US ...

Séché plans diversification into industrial water

Séché Environnement is planning to diversify into the growth area of liquid treatment services for the industrial sector – regardless of whether its bid for Saur is successful – a senior official told GWI.

Séché acquired a 33% stake in Saur in 2007. “We took the stake with the aim of creating a group whose expertise would not only encompass ...