293 articles in France
December marked the end of a roller coaster year for the international water sector. Several companies experienced notable success while others were happy to hear the sound of the year’s final trading bell. The year 2001 brought the end of one of the longest running bull markets in history and the arrival of a global economic slowdown. For the global water industry, consolidation and mergers continued to drive sector performance.
EON IS THOUGHT TO BE MAKING ANOTHER BID to enter the global water market, a year after it admitted defeat in its attempt to acquire Saur (see GWI, Vol. 1, Issue 7, p.5)
Legislation aimed at reform of French water policy has had its first reading in the National Assembly but has no chance of formal adoption before the end of the parliamentary session in February. This means that it will be up to the next administration to decide whether or not to push ahead with the legal programme.
THE WORLD’S second largest producer of titanium dioxide (TiO2), Millennium Chemicals, has awarded a management contract for its water networks and supplies in France to Vivendi Environnement (VE).
THE AREZZO CONCESSION, awarded to an SLdE joint venture in 1999 for 25 years, is now at the centre of a contentious legal battle.
SUEZ LYONNAISE DES EAUX (SLDE) increased turnover by 36% to €34.6 billion in 2000 with most of the growth coming from the group’s two core business areas – energy and water. Internal growth was 12.3%.
VIVENDI ENVIRONNEMENT (VE) has won the concession to manage the city of Prague’s water supply and sewerage systems in a consortium with AWG. The Czech government will receive €174 million for a 66% stake in the Prague water utility, Prazské vodovody a kanalizace (PVK).
The progressive consolidation of the water industry continued in 2000, if at a slower pace than last year. Several notable transactions, most recently RWE’s acquisition of Thames Water, prompted GWI to ask Avalon Trust’s Owen Quattlebaum what this means for investment fund managers focused on water. This month’s Investor’s View contains Mr Quattlebaum’s response.
A REPORT by the Paris region’s audit commission (CRC) has suggested that water bills paid by the city’s residents could have been lower over the past ten years.
BP FRANCE SUBSIDIARY, BP Lavéra has signed a 10-year agreement with Vivendi Water covering treatment of refinery effluent at its Etang de Berre site in the south of France.