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MUFJ buys into South Staffs for Japan market edge

Mitsubishi UFJ Lease & Finance (MUL), an infrastructure investor which is part of the Mitsubishi Group’s banking arm, has agreed to acquire an effective 19.9% stake in South Staffordshire plc from Arjun Infrastructure Partners.

South Staffordshire, which turns over close to £250 million per year serving 1.6 million people in central England, was 75%...

Saudi state ups ACWA stake as Rabigh race narrows

The Saudi sovereign wealth fund has announced the acquisition of a 15.2% direct stake in Riyadh-based power and water project developer ACWA Power, as the company vies for the first of a wave of new privately financed desalination projects in the Kingdom.

The stake acquired by the Public Investment Fund adds to the stake already held by PIF subsidiary Sanabil, giving...

Siemens to continue its exit from the water sector

German conglomerate Siemens is considering offloading its water solutions business, continuing its exit from the sector – which began with the sale of Evoqua in 2014.

The business which is up for sale is focused on treatment solutions and services for a variety of upstream and downstream oil and gas applications, serving both the onshore and offshore markets....

Calix IPO to fund global commercialisation drive

Sydney-based technology company Calix began taking orders this week for an A$8 million initial public offering on the Australian Stock Exchange, which implies an enterprise value of around A$61.3 million (US$45.4 million).

Calix’s commercial products include a patented, cost-competitive sewer odour control and biogas purification solution based on the onsite...

Bain Capital hikes water exposure with Italmatch buy

Bain Capital plans to continue the recent acquisition momentum espoused by Italmatch Chemicals, after agreeing to buy the €400 million-a-year speciality chemicals player from private equity house Ardian for an undisclosed sum.

Since being taken over in 2014, Italmatch has more than doubled its sales through a combination of organic growth and a series of...

Sime Darby set to exit water with Chinese asset sale

Listed Malaysian trading conglomerate Sime Darby has entered into a share purchase agreement to sell 100% of its China-based water management business, Weifang Water, to local state-owned company Shandong Water Environment Protection Group for $68 million.

Weifang Water, which recorded revenues of MYR60 million ($14.8 million) for the financial year ended 30 June 2017,...