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2005 - 2006 - Pinsent Masons Water Yearbook 2012

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FRANCE PART 3 (i): COMPANY ANALYSIS: MAJOR PLAYERS<br />

Country <strong>Water</strong> Sewerage Total<br />

Romania 2,250,000 0 2,250,000<br />

Spain N/A N/A N/A<br />

Sweden 50,000 50,000 50,000<br />

The Americas<br />

Argentina * 200,000 0 200,000<br />

Brazil * 7,300,000 2,750,000 7,300,000<br />

Canada 50,000 0 50,000<br />

Colombia * 2,883,000 0 2,883,000<br />

Mexico 7,800,000 4,300,000 7,800,000<br />

USA 7,000,000 6,000,000 13,000,000<br />

Venezuela * 552,000 0 552,000<br />

Asia and Pacific Rim<br />

Australia 2,500,000 1,200,000 2,500,000<br />

China 16,000,000 4,800,000 18,600,000<br />

Indonesia 100,000 0 100,000<br />

Malaysia 5,600,000 0 5,600,000<br />

New Zealand 25,000 105,000 105,000<br />

Philippines 10,000 0 10,000<br />

South Korea 0 2,400,000 2,400,000<br />

Africa and The Middle East<br />

Azerbaijan 50,000 0 50,000<br />

Chad 3,000,000 0 3,000,000<br />

Gabon 450,000 450,000 450,000<br />

Israel 700,000 0 700,000<br />

Morocco 1,200,000 200,000 1,200,000<br />

Namibia 240,000 240,000 240,000<br />

Niger 600,000 0 600,000<br />

Total outside France 74,075,000 39,495,000 91,435,000<br />

Global total 100,075,000 56,495,000 117,435,000<br />

* Proactiva activities<br />

The number served in France has remained effectively constant in recent years. The table also<br />

excludes VE’s continuing activities in Spain.<br />

Stake divestments<br />

Approximately US$390 million has been raised since 2001 through the selling off of non-strategic<br />

minority stakes in asset owning water companies in England and the USA. In the former case, this is<br />

also related to preparing for VE’s partial bid for Southern <strong>Water</strong> (First Aqua).<br />

Company Country Holding % Date Value (million)<br />

Bristol <strong>Water</strong> UK 25 March 2002 £23<br />

Mid Kent UK 21 April 2001 £22<br />

South Staffordshire Group UK 32 October 2002 £85<br />

Philadelphia Suburban USA 17 September 2002 US$200<br />

In addition, some US$3,193 million has been raised from the sale of peripheral activities in the US<br />

Filter group since 2001. Purchasers have been a combination of companies active in water systems<br />

engineering and private equity houses.<br />

Division Vendor Date Value (US$<br />

million)<br />

Surface Preparation International Surface Preparation July 2003 130<br />

<strong>Water</strong>works distribution JP Morgan Partners/TH Lee Partners September 2002 620<br />

Plymouth Products Pentair September 2002 125<br />

Filtration and Separation Pall February 2002 360<br />

Johnson Screens Weatherford International October 2001 140<br />

Culligan Clayton, Dubilier & Rice June 2004 610<br />

Everpure Pentair December 2003 215<br />

Systems & Services Siemens May 2004 993<br />

237<br />

<strong>Pinsent</strong> <strong>Masons</strong> <strong>Water</strong> <strong>Yearbook</strong> <strong>2005</strong> – <strong>2006</strong>

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