2005 - 2006 - Pinsent Masons Water Yearbook 2012

PART 1: 2005-2006 OVERVIEW
• Population decrease: This will affect a number of concessions and companies in Europe in
the longer term.
[1] People served by contract awards, 1987-2005
These databases exclude France, Spain (with two exceptions) and the USA due to the contract
award details in these countries not being typically available and individually of a small and nonspecific
nature. The average contract award in France for example covers 2,000 people.
Water Wastewater Net Number
1987 6.90 1.50 6.90 1
1988 0.54 0.00 0.54 1
1989 40.47 52.25 40.47 13
1990 2.50 1.60 4.10 2
1991 1.88 0.30 1.88 2
1992 0.70 0.80 0.98 3
1993 20.16 9.39 20.35 15
1994 7.90 1.48 8.35 14
1995 7.45 2.86 7.49 18
1996 17.73 3.72 18.19 19
1997 51.20 20.27 53.34 26
1998 19.19 4.49 20.11 25
1999 39.78 26.60 42.55 49
2000 41.03 17.03 50.36 58
2001 22.10 16.74 31.36 54
2002 10.06 13.43 22.33 29
2003 22.87 15.41 28.27 42
2004 17.20 8.75 22.99 49
2005 15.83 11.59 24.08 40
Total 345.49 208.21 404.64 460
Not all water privatisations are fated to be subsumed within other companies, even though this
sometimes appears to be the fate of the British water sector. In general, market listings to date
have come about through government or municipal privatisations.
Market flotations since 2000
Company Country Vendor IPO Current status
EYDAP Greece Government 2000 Further stake sale under
consideration
Veolia Environnement France Vivendi 2000 Veolia now nonconsolidated
Nanhai Development China Municipality 2000 N/A
Acegas Italy Municipality 2001 N/A
EYATH Greece Government 2001 N/A
Nature Tech UK Private 2002 N/A
ASM Brescia Italy Municipality 2002 N/A
Darco Water Tech Singapore Private 2002 N/A
Ranhill Utilities Malaysia Ranhill Bhd 2002 N/A
PBA Holdings Malaysia Government 2002 N/A
Northumbrian Water UK Suez 2003 Post IPO refinancing in 2004
Hera Italy Municipality 2003 Acquiring other ATOs
Meta Modena Italy Municipality 2003 Set to merge with Hera
Salcon Singapore Private 2003 N/A
Jiangxi Hongcheng China Municipality 2004 N/A
Asia Env Holdings Singapore Private 2004 N/A
Tallinna Vesi Estonia Private 2005 N/A
Manila Water Philippines Private 2005 May acquire Maynilad stake
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Pinsent Masons Water Yearbook 2005-2006