We look for example acquisitions in Spain even if their use has decreased since thirty years5 billion in the second instalment of the convertible securitiesThe France will train the gendarmes of Bahrain6 billion for Italian yet barely 10 largerTechnical not political but essential measureswho in a brief press release that it make 30NewsThe European elections are approachingBecause funds are already overloaded read belowThis type of event is it usefulVery usefulIt is a quirk of the world of water that should soon take end. Suez Environment and Veolia Environnement have finished last December, by agreeing on the décroisement of their common societies. In 2002, the competition Council considered that hold equal distribution or services as important as Marseille, Lille, Saint-tienne cities sanitation, Nancy or Versailles constituted an offence "of abuse of a collective dominant position". Two years ago, the Ministry of finance had informed the two groups that it was time to run. Legally, concession contracts, some of which are old several decades, will not change. Very short term, it is only shareholders of the companies that will be changed in an exchange of assets between the two groups to satisfy the demand of the competition authorities. At the expiry of the contracts (see table), the two "major" of the water will find themselves, as is the case in each contract, face to face. The issue is important: the ten concessions concerned by this unwinding represents nearly 3 million people and about 6 of the drinking water distribution market.
The décroisement paper
Specifically, after months of negotiations, the agreement reached between the two groups provides that Suez Environment including retrieves the society of the waters of the North (Lille), the Seram (sanitation in Marseille), and in Ile-de-France, the Sevesc (Versailles). For its part, Veolia confirms its position of heavy weight in the Bouches - du - Rhône by retrieving the entire share capital of the Marseilles company of waters and the society of waters of Arles. The Stéphanoise of waters and waters Nancéienne society also belong.
Given the magnitude of the movement, the agreement must still be validated by the authorities of the French competition, with social authorities as well as Brussels. Officially, no actor would speak pending responses from the authorities. The calendar adopted by the two groups provides a formal notification during the month of March, a meeting of the committees of business in April, hoping to have the agreement of Brussels in June to unbuckle the exchange of financial participation by the end of the year. In addition, the political aspect of the record. Water management is the responsibility of local authorities which granted concessions to corporations joint between the two groups. The competition authorities have imposed the décroisement, and elected officials will find themselves with a company managed by a single shareholder until expiry of the contract (see table). But having a city can switch the games of power at the local level. "When a group manages a big contract on a common centre, there more likely to win on the periphery through the pooling of its means and its knowledge of the terrain," explains Loïc Mahevas, Director of 2000 Public Service, a society of local Council. "If the contract of the Union of the waters of Ile-de-France held by Veolia and released game current 2009 is not splitted into several batches, there likely to be won by Veolia, which would have the consequence to evict Suez Environment of the Ile-de-France market." "But the Sevesc will be a counterbalance to the Veolia" continues Loïc Mahevas. The drama of the décroisement has not finished to shake the small world of water.
