SMVAK

In April 2006 the financial group Penta sold SMVAK to Aqualia, the water division of Spanish group FCC.

The second largest (3rd according to Anglian) Czech water supplier, SMVAK operates in North Moravia, where it serves almost 860,000 inhabitants.

Lyonnaise took shares in the Ostrava water company in 1993, and by 1997 owned 40% (with the communes holding 35%). In May 1999, Lyonnaise was beaten in a takeover battle by Anglian Water which acquired a majority stake.

In Nov 2003 Anglian sold its stake to Cyprus-based investment firm Penta for GBP38m. Suez followed in May 2004, raising Penta's stake to 98.37%.

It employs 1,325 workers in 1999.

It owns 3,900 kms of pipelines, 23 treatment plants (but sewage is treated in 40 disposal plants) and 334 reservoirs. Net profit in 1998 was Kc 126.35m over Kc 1.01bn sales.

"It is the only (water company) to own the infrastructure assets. In other regions the water and sewerage assets are owned by the local municipalities".

Source: Czech News agency; see also News and www.anglianwater.co.uk/inter/czech.asp

Employees: 
1000

Home country:

Parent companies

Company namesort icon Percentage Operates in
Aqualia 98.37