Wessex Water

Article Abstract:

Wessex Water is an efficient water utility which could benefit from good relations with the United Kingdom regulator. The company is able to diversify because of its relative lack of debts. Wessex Water could be affected by a new price regime to be introduced by Ofwat, which regulates the industry. This could affect profits from water supply, and the company has little activity elsewhere to offset the impact on water profits. Dividends are also unlikely to grow much in real terms after 2000.

Management, Wessex Water PLC

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Bouygues to join big two

Article Abstract:

Bouygues is a French construction company which is expanding into other areas such as water supply, and has acquired Cise, a water company, from Saint-Gobain. Bouygues is buying 80% of Cise and can take up an option for the remainder by 2000. Bouygues also holds 45% of Saur with the Bouygues family holding most of the equity. The family will sell its stake in Saur to the company in exchange for a stake of 16% in Bouygues and cash. Saur and Cise are to be merged.

Construction, Construction industry, Mergers, acquisitions and divestments, Bouygues S.A., Cise

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