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PUBLIC SERVICES INTERNATIONAL RESEARCH UNIT @ Business School, |
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| Home country: Spain |
| Aguas de Valencia |
| Gran Via Marques del Turia, 19 |
| 46005 Valencia |
| Espana |
| Tel: (96) 386 06 00 |
| Fax: (96) 386 0567 |
| Company website: http://www.aguasdevalencia.es/ |
| European Works: |
| Directors |
| HCH: J. Simo Aynat P. Rancon CH: F. Abril Martorell F. Ballve Lantero VCH: A. Aguirre A. Escamez Sanchez B.F. Devalan J.I. Muniz Entrialgo J.A. Girona Noguera F. Domenech Lopez J.P. Sennepin SEC: V. Anon Calabuig L. Cunat Albiol |
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Last Updated: |
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Subsidiary of Bouygues/SAUR, which had held a 98-year concession for Valencia since 1904. When Valencia council said it wanted to retender the contract in 1994, and insisted that the network was the property of the council, the company threatened to sue it for loss of earnings. In 1998, the council offerred an extension, conditional on SAUR reducing its stake. The proposal would have made the employees, a local bank, and Bouygues/SAUR three roughly equal partners. However, after disagreements between the shareholders, in January 1999 SAUR has emerged with control - holding 36% of the shares and 6/15 directors, while its Spanish ally has 13% of shares and 4/15 seats. |
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PSIRU is part of
the Business
School of the University of Greenwich,
UK.
psiru@psiru.org |