AGBAR

AcronymDefinition
AGBARAguas Barcelona (Spanish utilities investor)
References in periodicals archive ?
Business activity for both Lyonnaise des Eaux and AGBAR was driven by many contracts won and renewed such as those of Hy(c)res (12 years, [euro]54m) in France, Leon (25 years, [euro]109m) and Eliana (25 years, [euro]55m) in Spain.
3% mainly due to the scope effects of consolidating AGBAR and accounting for the PPA(6) relating to operations performed in 2010.
In 2010, the Group recorded net capital gains related to the AGBAR operation and the unbundling of joint water companies, as well as restructuring and impairment expenses, amounting overall to EUR 196 million.
The decrease is mainly due to the lower tax rate applied to the capital gains generated by the AGBAR takeover and the unbundling of joint water companies.
Minority interests over the year were -EUR 155 million, compared to -EUR 113 million in 2009, an increase resulting by the impact of the full consolidation of the minority interests associated with AGBAR.
In addition to the AGBAR operation for EUR 429 million, the Group invested in water concessions in France and in Spain, in the regulated water market in the US and in Chile, and in waste valorization assets, especially in the Netherlands (Baviro), in Great Britain (PFI), in China and in Australia.
The difference compared to December 31, 2009 can be explained by the AGBAR operation and by negative exchange rate effects.
This second European pillar in water, after Lyonnaise des Eaux in France, has allowed SUEZ ENVIRONNEMENT to strengthen its position in Spain, where AGBAR already manages over 1,100 long-term contracts, and to benefit from the growth of a high-potential market buoyed by the protection of water resources and improvements in wastewater services in compliance with EU regulations.
Through AGBAR, SUEZ ENVIRONNEMENT also holds solid positions on the Chilean and British regulated markets.
3% rise at constant forex, with the positive impact of the unbundling of joint water companies and the AGBAR operation.
The activities of Lyonnaise des Eaux and AGBAR were fueled with new contracts, such as Strasbourg (8 years, EUR 98 million) and Sartrouville (20 years, EUR 25 million) in France, Calvia (50 years, EUR 980 million) and Sant Vicenc dels Horts (50 years, EUR 113 million) in Spain.
2) At constant forex and including consolidation effect related to the AGBAR operation in 2011.