296 articles in France
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.
Vivendi Environnement will be listed on the Paris Bourse on 12 July and in New York later in the year.
SUEZ LYONNAISE des Eaux (SLDE) marked a turning point in its history at its Paris AGM last month. Jérôme Monod, 70-year-old president of the SLDE supervisory board, said he was to leave the company after 20 years to devote himself to “personal projects located in another world from that of the enterprise”.
Vivendi president Jean-Marie Messier has confirmed his intention to introduce between 30 and 40% of the capital of the subsidiary Vivendi Environnement to the stock market but wouldn’t be drawn on the exact timing. He said it would be “either before or after the summer break.”