Multiple asset sales (by Oman Investment Corporation, American Water Works Company, Vision Energy, and Santander) occurred around the world this week. For details on these transactions, and other stories in water, continue reading below.
- The Asian Development Bank (ADB) issued a $266.8m water bond, maturing on 26 February 2015, with an annual coupon of 6.29%. It is ADB’s second water bond to Japanese investors to provide assistance to the water sector.
- Instrata Capital acquired a stake in Oman’s Sembcorp Salalah Independent Water and Power Project (IWPP) from Oman Investment Corporation (OIC).
- American Water Works Company announced the financial close of its $470 million sale of regulated operations in Arizona and New Mexico to EPCOR USA.
- Vision Energy has agreed to sell its 75% share of a desalination plant in the Republic of Guinea in West Africa, including rights, entitlements and benefits, to Dhanoa Minerals.
- Santander sold its stake in Thames Water to China’s sovereign wealth fund China Investment Corporation (CIC) due to an urgent need to boost core capital. One senior industry analyst said that CIC probably paid close to £100 million.
- ProSep Inc won a C$13 million contract to design