On 3 July 2017, U.K.-based Severn Trent Plc announced the sale of its North American services unit for US$62 million. The new owners are private equity firms PPC enterprises LLC and Alston Capital Partners LLC. With Severn Trent’s exit, competition among the leading players will likely escalate in their pursuit of its expiring contracts. Outsiders,… Continue reading Severn Trent Jettisons U.S. Water Business
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Bluefield Research Releases European Private Water Utility Rankings
Bluefield Research today announced its 2015 Europe Private Water Utility Rankings, highlighting the region’s top 25 leading private utilities serving more than 156 million people across the continent. The 2015 rankings, available exclusively at www.bluefieldresearch.com, provide in-depth data and analysis of Europe’s leading utilities by revenue, water volume supplied, and population served. This year’s rankings show France-based Veolia Eau edging out domestic counterpart Suez Environnement for No. 1 spot based on consolidated ownership stakes in other European utilities. The United Kingdom’s Thames Water and Severn Trent trail in the No. 3 and No. 4 positions, and Spain’s FCC Aqualia rounds out the top five.
Water Plus JV Ripples through UK Competition
On 3 May 2016, the UK’s Competition and Markets Authority (CMA) approved Severn Trent and United Utilities’ joint venture, Water Plus, to combine their non-household water and wastewater retail businesses in England and Scotland. The move anticipates England’s opening of its water segment to full competition in April 2017. UK’s other utilities are weighing options… Continue reading Water Plus JV Ripples through UK Competition
