water manegement

Barcelona-based Criteria CaixaHolding becomes the second largest shareholder of Suez Environnement after signing a binding agreement with the French-based utility company for the sale of Criteria's 24.14% stake in Agbar (Sociedad General de Aguas de Barcelona, S.A.) in exchange for 22 million newly issued Suez Environnement shares. These shares represent 4.1% of Suez's share capital and €299 million in cash. As part of the agreement, Criteria stated its intention to allocate part of the money received from the purchase of Suez Environnement shares in the stock market, aiming to achieve, depending on market conditions, a 7% stake in Suez Environnement, a company which currently controls 75.35% of Agbar.

The Catalan Government awarded Acciona’s joint venture the contract to manage Aigües Ter Llobregat (ATLL), the public company supplying drinkable water to an area of 5 million people. Acciona, a Brazilian investment bank, and other companies will pay €300 million in 2012 and €700 million within the next 50 years to run the concession. Privatising ATLL was a measure announced months ago, as part of the Catalan Government’s austerity plan to reduce its deficit in order to meet the imposed deficit targets. According to the press release, Acciona’s joint venture has been awarded the 50 year contract because “it offers a better price for the water” than the rival group of companies lead by the Catalan Agbar.

Depending on UN-Habitat, the Global Water Operators' Partnerships Alliance (GWOPA) has established the Catalan capital as the permanent base for its headquarters. GWOPA will set up its offices in one of the historical Art-Nouveau pavilions of the old Sant Pau Hospital, in Barcelona. These pavilions will host other international organisations, such as one institute of the United Nations University. “It is not the first and neither will it be the last organisation to choose” Sant Pau’s historical site to base its headquarters, stated the Catalan Minister for Sustainability, Lluís Recoder.

The Catalan capital proposes an Art Nouveau pavilion in the former Sant Pau Hospital, located near the Sagrada Familia, as the organisation’s headquarters. The former St Pau Hospital pavilions will host in a few months several international organisations, such as an institute of the United Nations’ University and the European Forest Institute.