296 articles in France
The Greek government expects to name legal and technical advisory teams for the privatisation of water companies EYATH and EYDAP later this month.
Veolia’s plans to restructure its way out of trouble were largely met with indifference by the investor community earlier this month.
Relations between Saur, France’s thirdlargest private water company, and its 33% shareholder Séché Environnement, have reached an all-time low.
David Lloyd Owen - L’eau revoir: after 25 years, France is leaving the UK regulated water sector. Vol 12, Issue 12 (December 2011)
Veolia’s timing for its exit of the UK regulated water sector – in the same week as David Cameron’s veto of the EU financial stability pact – is intriguing.
Veolia Environnement CEO Antoine Frérot faced his biggest test yet when he unveiled a broad-based restructuring of the group in early December. Support for the stock will depend on the company’s ability to deliver on its goals.
Saur’s disdain towards major shareholder Séché Environnement has reached new levels. Breaking the current impasse may require drastic action.
Suez Environnement will crash out of the benchmark CAC 40 index on 19 December, to be replaced by cable and wiring giant Legrand.
The misery at Veolia Environnement continued this month with a new profit warning to accompany the third-quarter results.
Suez Environnement delivered a much more upbeat set of results, with 9-month revenues up 8.3% to €11 billion and EBITDA up 9.2% to €1.8 billion.
David Lloyd Owen reviews the new edition of the Pinsent Masons Water Yearbook and finds difficult financial markets make it an unlucky thirteenth for the private sector.