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BEWG set to back a brace of Hong Kong water IPOs

Two Chinese water project developers, Luzhou Xinglu Water Group and Kunming Dianchi Water Treatment, are launching IPOs on the Hong Kong Stock Exchange this week, with both understood to have secured Beijing Enterprises Water Group as a cornerstone investor.

Luzhou Xinglu and Kunming Dianchi are both state-owned companies from less developed regions of southwestern...

£20m fine threatens Thames Water’s dividend payout

The £20.3 million penalty that Aylesbury Crown Court imposed on Thames Water this week for discharging untreated sewage into rivers on several occasions between 2012 and 2014 will have a significant impact on the company’s ability to pay dividends this year.

For the sum – which comprises a fine of £19.75 million plus costs – represents...

Portuguese municipal operators face €235m NRW bill

Portuguese municipal operators lose €235 million annually by failing to obtain revenue for 242 million m3 – an average of 30% of water distributed – according to an analysis published by the environmental NGO Zero.

The analysis – of 2015 data produced by the regulator ERSAR – found that of 256 operators, 171 (mainly in the rural interior)...

UK water support services buyouts gain momentum

Two infrastructure support businesses which were once owned by regulated UK water utilities have been sold in the last week, just as the English non-household retail market gears up for a new era of competition.

This morning’s announcement that drain maintenance provider Metro Rod is to be sold to Franchise Brands for £28 million marks the second time the...

US winter storms take their toll on Layne shares

Layne Christensen’s shares closed down more than 13% following the announcement earlier this week that the company expects to report fourth quarter revenues of between $127 and $131 million, a decrease of around 20% versus the same period last year.

The troubled group’s efforts to restructure its operating portfolio have yet to deliver profitability, and its...

Stantec outsources smart water with Innovyze sale

Canadian engineering firm Stantec has announced the sale of its smart water software business Innovyze to EQT Mid Market US for US$270 million, less than a year after acquiring the company as part of its US$795 million takeover of MWH Global.

By securing a sale price which equates to a third of the amount paid for the entire MWH business in May 2016, Stantec has...