Riding the equity boom

Christopher Gasson looks at how the capital markets are ignoring the anti-privatisation rhetoric of some politicians.

What does the shortlist for the Deal of the Year in the Global Water Awards say about the state of theindustry? The first thing that stands out is that international capital flows are being replaced by local capital flows. Three of the transactions shortlisted for Deal of the Year are IPOs: Lydec in Morocco, Tallinna Vesi in Estonia and Manila Water in the Philippines. Of the three others, one...

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