UK: HYDER POSTPONES OUTSOURCE DEAL

Article Abstract:

Hyder has announced it will postpone a plan to outsource the running of its water assets to United Utilities until a challenge to the arrangement has been resolved in court. Severn Trent, the second largest water company in the UK, is arguing that the Hyder-United deal violates European procurement law as it was not put out to competitive tender. A high court hearing has been scheduled for 21 September 2000.

Strategic alliances, Use of materials & supplies, Water supply, Heavy Construction, Except Highway, Construction industry, Hyder PLC, United Utilities PLC

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CHILE/UK: STAKE IN ESSEL FOR THAMES WATER

Article Abstract:

The UK utility Thames Water has gained an important presence in central Chile by winning a 45% stake in the Chilean water company Essel. Acting with the Portuguese utility Electricidad de Portugal, Thames beat off competition from rival bidders, paying US$ 112.5mn for the stake.

Asset sales & divestitures, Acquisitions & mergers, Chile, Water Utilities, Mergers, acquisitions and divestments, RWE Thames Water PLC, ESSEL a.s.

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