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786 articles in United Kingdom

Europe Water In Brief Vol 16, Issue 6 (June 2015)

The £265 million acquisition of Mouchel by Kier Group was completed on 8th June, just days after Kier launched a heavily discounted rights issue.

Mapal set to test UK tech investor appetite Vol 16, Issue 6 (June 2015)

The Israeli wastewater treatment technology firm is looking to raise capital via a listing on London’s alternative investment market. It joins a long list of water tech flotations, but will the burden of going public prove too high?

YW’s fresh take on derivatives Vol 16, Issue 6 (June 2015)

Following a ratings downgrade in April, Yorkshire Water has reduced the near-term risk in its swaps portfolio. The solution did not come cheap.s

Thames Tideway faces new delay Vol 16, Issue 6 (June 2015)

Has the UK government had second thoughts on the mega-tunnel project?

UK water struggles to rein in bad debt Vol 16, Issue 6 (June 2015)

The full-year figures from the regulated UK water industry were marred by increases in bad debt provisions at the two biggest companies in the sector. Will things get worse before they get better?

Getting smart about smart water Vol 16, Issue 5 (May 2015)

Getting smart about smart water.

Refinancing Vol 16, Issue 4 (April 2015)

  • The owners of a number of large privately owned UK water and sewerage companies are rushing to refinance holding company debt ahead of the general election on 7th May. In the last six weeks, the parent companies of Anglian Water, Thames Water, and Southern Water have replaced bank facilities worth £675 million with cheaper debt...
  • Both Veolia and Suez Environnement have also been refinancing their debt, taking advantage of the super-low interest rates resulting from Eurozone quantitative easing. Veolia cut €18.5 million off its annual interest bill by replacing older debt with...
  • Meanwhile, the owners of the Salalah power and water plant in Oman are looking to refinance $737 million of debt arranged at the height of the global financial crisis in 2009.

Sembcorp bows out of regulated UK water Vol 16, Issue 4 (April 2015)

Holding a low-growth UK company such as Bournemouth Water never made much sense for Sembcorp. How much sense does it make for new owner Pennon?

Europe Water In Brief Vol 16, Issue 4 (April 2015)

Suez Environnement drew more than €4 billion of investor demand for its new €500 million perpetual hybrid bond callable after seven years, whilst simultaneously buying back €306 million of an older, high-coupon hybrid issue.

UK WASCs elect to refi early Vol 16, Issue 4 (April 2015)

UK water companies have been scrambling to refinance holding company debt ahead of May’s general election. What is driving the trend?