Skanska AB in a venture with MWH Global Inc. and Balfour Beatty Plc has been awarded a contract valued at as much as 1.5 billion pounds ($2.3 billion) from Thames Water Utilities Ltd., Britain’s largest supplier, to upgrade the U.K.’s water and wastewater infrastructure.
Talks on closer ties between Veolia Environnement SA and Suez Environnement ended because antitrust authorities wouldn’t have allowed an agreement for their French businesses, Veolia Chief Executive Officer Antoine Frerot said.
Brandon Freiman was sizing up water investments for KKR & Co.’s $4.6 billion infrastructure fund in 2011 when he came across a debt-burdened New Jersey city that Tony Soprano skirts by to open the Time Warner Inc. HBO series.
The European Commission closed a probe into Veolia Environnement SA, Suez Environnement SA and Saur SA after failing to find evidence the companies and a trade group plotted to fix the price of water and wastewater services in France.
The energy services unit of Veolia Environnement, the largest water company in Europe, extended a contract with Bratislava authorities in Slovakia for 20 years that’s valued at at least 1.1 billion euros ($1.4 billion).