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Making sense of Aqua Terra’s Canadian IPO filing

Oilfield services provider Aqua Terra has filed for an initial public offering in Canada, to raise funds both to reduce its debt burden, and to fuel organic and acquisitive growth.

The company, which generated adjusted EBITDA of Can$3.2 million (US$2.6 million) on revenues of Can$30.3 million (US$25.5 million) in 2016, is looking to take advantage of a recovery in...

Sabesp shares rise on tariff hike approval

Shares in listed Brazilian water concessionaire Sabesp initially outperformed the local iBovespa index earlier this week on news that the regulator in its home state of São Paulo had approved a tariff increase of 7.9%.

The hike is encouragingly higher than the 4.7% which had initially been proposed, and came alongside an incremental increase in the allowable...

WaterBridge continues oilfield M&A ahead of IPO

Oilfield water services firm WaterBridge Resources has announced its second acquisition this year, as it bulks up in preparation for an initial public offering within the next 18 months.

The acquisition of Arkoma Water Resources this week expands WaterBridge’s footprint into Oklahoma – where Arkoma owns 110 miles of produced water pipeline and saltwater...

Agbar moves its global headquarters to Madrid

Suez’s Catalunya-based subsidiary Agbar has announced that it intends “to shift its headquarters temporarily” from Barcelona to Madrid to protect investors from the uncertainty caused by the Catalan independence referendum.

“Constitutional stability would need to be restored” before a move back to Barcelona would be considered, an Agbar...

IMF urges restraint on Saudi water tariff reform

A report by the International Monetary Fund (IMF) has encouraged the Saudi government to take a “more gradual” approach to its plans to raise water tariffs to a more cost-reflective level.

The IMF report, released at the end of last week, acknowledged that the process of raising water tariffs, which began in 2016 with a widely unpopular implementation of new...

Evoqua set to continue acquisitive spree post-IPO

Having spent over $400 million on eight acquisitions during the past 18 months, Evoqua has identified more than 60 more potential targets for inorganic growth as it prepares to conduct its initial public offering in the US.

The business generated pro forma adjusted EBITDA of $182.4 million on revenues of $1.2 billion in the year ended 30 September 2016, with the fastest...