1897 articles in Europe
ENRON IS TO FUND A DEAL to take its beleagured water subsidiary Azurix private at a buyout price of $7 per share.
Government money for improved water and wastewater facilities.
VIVENDI WATER has formally launched a new water research centre, Zentrum für Wasserkompetenz, a joint venture set up with the Berliner Wasser Betriebe (BWB), three Berlin universities, the state of Berlin and various consulting and engineering companies.
German multi-utility RWE has acquired Thames Water in an €11.3 billion deal to achieve its target of becoming one of Europe’s three top water companies. Thames will keep its name and operate within the RWE group as Thames Water, a division of RWE. The company will be based in London and headed by Bill Alexander, current chief executive of Thames Water. RWE sees the acquisition of Thames as an important springboard for entry into the US water services market.
The takeover of Thames Water takes centre stage this month.
The Turnbull Code on Internal Control is set to become a mandatory London Stock Exchange listing requirement later this year. All listed companies – including water utilities – will be required to establish mechanisms to meet the necessary risk management obligations. With this in mind, Andreas King of SERM provides GWI with a preview of water companies’ environmental risk ratings.
Shares in Tallinn Water are expected to sell at a premium slightly above the 580 million kroon ($35 million) minimum price. Evaluation of bids will be based on a purchase and subscription price and projected changes in the price of services.
THE ST PETERSBURG VODOKANAL has signed a contract with Finnish consortium Water Propartners to provide consultancy in the construction of the city’s southwestern STP and associated collectors.
THE PLANNED MERGER o f Eon subsidiary Gelsenwasser and Essen wastewater company Emschergenossenschaft/Lippeverband has been put on hold.
SUEZ LYONNAISE DES EAUX has acquired two Czech water services companies, Vodohospodarska spolecnost Benesov (VHS) and Vodarny a kanalizace Davle (VOK).