Latest News

Pentair reports first results as a water pure-play

Pentair shares closed down more than 5% after the company reported its first set of quarterly results since spinning out its electrical business into a separate publicly listed company in May.

The firm reported quarterly revenues and adjusted income of $781 million and $164 million, up 4% and 8% respectively on the same period last year, although CEO John Stauch...

Doosan makes its first desal equity move in Oman

Korean contractor Doosan Heavy – one of the most successful large-scale desalination plant suppliers in the Middle East – has made a step into the world of infrastructure investment, taking an equity stake in a project for the first time.

Doosan will hold a 5% stake in Al Asilah Desalination Company, the vehicle delivering the 80,000m3/d Asilah desalination...

Labour seeks legal input on UK water nationalisation

The Labour Party has hired an unnamed law firm to review its plans for renationalising the water industry in England and Wales (along with other utilities) to strengthen them against potential legal challenges.

Earlier this year, leading City firm Clifford Chance cautioned that Labour’s initial proposals to take control of the companies at knockdown prices were...

Setting out a new vision for UK water competition

Neither renationalisation nor current regulatory proposals to restrict company dividends, gearing, and executive pay will improve efficiency in the UK water sector, a leading utility economist warned this week.

Dieter Helm, professor of energy policy at Oxford University, said Labour’s plan to renationalise the industry and Ofwat’s planned crackdown would...

Suez values US regulated water business at $3bn

Suez has agreed to sell a 20% stake in its North American regulated water business to Dutch pension fund PGGM for $601 million.

The deal values the business at more than $3 billion, putting it immediately behind American Water and Aqua America (with respective market caps of $15.7 billion and $6.6 billion).

The move is designed to result in a long-term partnership which...

Acid separation membrane company gears up for IPO

Australian industrial wastewater treatment start-up OneAtom is looking to raise up to A$3 million (US$2.2 million) via an initial public offering on the National Stock Exchange, which implies a market capitalisation of just under A$7.6 million (US$5.6 million).

The company is in the early stages of commercialising a polymeric ion exchange membrane developed by Monash...