Ondeo takes over Azurix’s Mexican contracts

Ondeo has taken over five Azurix contracts in Mexico worth a total of $70 million in annual revenues.

The contracts concerned are a concession in the tourist resort of Cancun, a services contract for part of Mexico City, and three BOTs in León, Torreón and Matamoros. Together, they bring the population served by Ondeo in Mexico to 7.5 million.

The contracts have been acquired for $93 million by Aguas, Servicios e Inversiones de México (ASIM), Ondeo’s 50/50 joint...

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