Wastewater - Business News

- 20 August 2007 -

Veolia acquires Thames Water businesses

Veolia Water UK is to acquire a number of unregulated business Interests from Thames Water, at a price of around €115 million (£78 million).

These businesses are all strongly linked to the provision of customer services and the management of water & wastewater related assets and are predicted to generate salesincome of 160 million Euros (£109 million) in 2008, over the first full year.

"This acquisition offers Veolia Water significant growth opportunities in the UK and the Republic of Ireland. These delegated management interests, of which certain are financed through 'Private Finance Initiatives (PFI)', will enable us to further enhance our expertise in all areas of the water market," said Antoine Frérot, CEO of Veolia Water.

www.veoliawater.co.uk

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