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Russia tightens rules for foreign water investors

The Russian government has restricted foreign access to concessions in its domestic water market, in a move widely seen as a response to international financial sanctions on the country.

Construction, industry, housing and utilities minister Mikhail Men said that only companies with established and taxed Russian subsidiaries would be allowed to participate in tenders,...

Kemira shares jump sharply on robust Q4 results

A recovery in the North American oil & gas business helped Finnish water chemistry giant Kemira generate a 7% fourth-quarter increase in sales to €636.5 million, sending the stock sharply higher this morning.

Tellingly, the company was able to boost its operative EBITDA margin by 100 basis points to 12.7% in Q4, enabling it to post a full-year figure of 12.5%...

Arizona moves a step closer to direct potable reuse

A new framework document published by the National Water Research Institute (NWRI) contains a series of recommendations for the development of regulations for direct potable reuse (DPR) in Arizona.

The widespread beneficial reuse of treated wastewater in the state is currently hampered by the formal prohibition of DPR under the Arizona Administrative Code, making it in...

Ashdod losses take the shine off Mekorot IPO revival

After a lengthy delay, Israel’s Government-owned Corporations Authority has revived a plan to move ahead with the partial privatisation of state bulk water supplier Mekorot.

Initial approval of the sale of a minority stake was granted back in October 2014, and Israel’s Energy and Water Resources Ministry – which oversees Mekorot – has now made it...

UU prices first public bond issue since 2009

United Utilities priced its first public bond issue in nearly nine years yesterday, drawing more than £600 million of demand for an upsized £300 million 7-year deal which priced at 77 basis points over the underlying UK Treasury benchmark.

The deal follows a similarly sized 18-year transaction from Welsh Water at the end of January, which offered a similar...

Acquisitions bolster smart water platform at Xylem

NYSE-listed Xylem today announced the close of its $400 million purchase of Canadian leak detection specialist Pure Technologies – and the simultaneous acquisition of sewer and stormwater analytics start-up EmNet.

Pure and EmNet will be combined with Xylem’s existing software and analytics businesses Visenti and Hypack to form a new Advanced Infrastructure...