French-headquartered Suez Environnement looks set to further strengthen its interest in Bristol Water via its acquisition of more shares the in one the UK water’s company major shareholders.
French-headquartered Suez Environnement is to buy a further 24.14% stake in Barcelona water company Agbar from La Caixa Group in exchange for a mix of 22 million newly issued Suez Environnement shares and €299 million in cash.
Suez, Europe’s second-biggest water utility, already has a 75.35% shareholding in Spanish water company Agbar - which in turn has a 30% stake in Bristol Water. Suez took control of Spain’s largest, non-state water supplier Agbar in 2010 – the country is now its second-biggest water revenue earner after France.
In parallel, La Caixa Group will use the cash received from the deal to acquire from Agbar a 15% stake in the company managing the water and wastewater contract of the Metropolitan Area of Barcelona, Aigües de Barcelona. together with a 14.5% stake from Suez Environnement in Aguas de Valencia.
It will also buy additional Suez Environnement existing shares in the market to reinforce its stake, with the intention to reach up to 7% in the near term. With a lock-up period of 4 years, La Caixa Group will become the second largest shareholder of Suez.
The deakl is scheduled for completion at the end of September.
Uniwater has acquired Hy-Ram Engineering, a specialist in tooling, products and hire for the water sector, based in Mansfield, England.
Enpure Ltd and Clean TeQ Water Ltd have announced a collaboration agreement to bring Clean TeQ Water's Moving Bed Ion Exchange-based nutrient removal technologies to water utilities across the UK.
Near-real-time microbial monitoring of wastewater discharge and bathing waters is now possible thanks to the BactoSense ID solution created by Swiss-based bNovate Technologies.
ABB has launched AquaMaster+™, a digital platform for smart water network management, designed to help water utilities monitor, analyze and manage their water networks, preventing pipeline water losses and optimizing operations.
Southern Water has released film and images showing what it’s like to walk inside Hampshire’s expanded Yew Hill underground reservoir for the very last time, before it gets filled with water.
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.