Enron to acquire Wessex Water for $2.2 billion

Article Abstract:

In a drive to become the first US company to compete against the dominant French firms in the global water service industry, Houston-based energy giant, Enron Corp., announced it is to purchase the British water and sewage company, Wessex Water PLC, for $2.2 billion. Enron hopes to become a significant force in the world-wide water industry as the industry is undergoing the same type of privatization drive that the electricity industry did throughout the 1990s.

Comment:

Purchased Britain's Wessex Water as part of its strategy to move into the global water industry

Acquisitions & mergers, Water Supply and Irrigation Systems, Water Utilities, Enron Corp., Wessex Water PLC, Article

---

National Power plant sale fuels concern

Article Abstract:

National Power PLC plans to sell its largest power-generating plant located in Northern England. The sale of the Drax facility means a cut in the company's market share from the current 20% to 12%. The plant now produces 40% of National Power's overall electricity generating business. The company says the sale will generate funding for its investment abroad.

Electric Utilities, Electric Power Generation, Transmission and Distribution, Facilities & equipment, Electric services, Buildings and facilities, National Power PLC

---

Similar abstracts:

• Abstracts: America West airline fined $2.5 million for violations. Forget jingles. Viewers prefer familiar tunes in commercials
• Abstracts: America West airline fined $2.5 million for violations. Kiwi bankruptcy sets stage for link with Pan Am. Counterfeiters competing for golf equipment market
• Abstracts: Ashland will record $57 million in charges for fiscal 4th period
• Abstracts: Murdoch's bid for U.K. team kicks up a fuss. Elf Aquitaine delays plans to invest in Russian oil firm
• Abstracts: Start-up offers new power route for artificial heart. Prepaid pager-service cards to be sold at 7-Eleven stores

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.