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20.11.2017, 11:48

FCC Reacquires Stake in Czech Water Business

Company News, Energy, Water & Waste, EMEA
FCC water subsidiary FCC Aqualia has announced it is buying back a 49 per cent stake in its Czech water business which was sold to Mitsui in 2013 under a group recapitalisation programme.

Since the original deal, FCC Aqualia has managed the day-to-day operations of the Czech business, with Mitsui serving as a relevant minority partner.

Mitsui’s exit has been triggered by a change in the Japanese Group’s strategy for its European water businesses, and the transaction consists of the divestment of all of Mitsui`s shares in SmVaK and Aqualia lnfraestructuras Inženýring. As the acquisition is of a minority stake, it is not expected to have any significant impact onn the earnings of FCC Aqualia.

Severomoravské vodovody a kanalizace Ostrava a. s. (“SmVaK”) is the largest water supply company in the Moravian-Silesian region and one of the leaders in the water market in the Czech Republic.  As part of the FCC Aqualia group, its core business is the production and supply of drinking water as well as the discharge and treatment of wastewater.

FCC Aqualia S.A is the water management subsidiary of FCC Group, one of the largest Infrastructure and Environmental Services Groups in Europe. FCC Aqualia is Europe’s third- largest water company and the seventh-largest in the world, according to the latest ranking by the specialist journal Global Water Intelligence (GWI). The company serves 22.5 million users and meets the needs of all parties - both private and public - at all stages of the water cycle by providing water for human, industrial, and agricultural uses. Its main activity is the management of municipal water services.

FCC Aqualia currently provides services in 1,100 municipal districts in 22 countries: Spain, Italy, Portugal, Czech Republic, Poland, Romania, Montenegro, Bosnia, Mexico, Chile, Uruguay, Algeria, Egypt, UAE, Saudi Arabia, Serbia, Tunisia, Qatar, Colombia, Ecuador, Panamá, and the Sultanate of Oman.

In 2016, the company’s billings totalled €1.01 billion, with an order book approaching €15 billion.

FCC Group

About FCC Group

FCC Group is a world leader in providing services to citizens. The environmental services division of the company has been active for over 100 years and has built its success on a commitment to innovation and helping cities to become smarter, more sustainable, and more socially conscious. It currently serves more than 59 million people in 13 countries with a network of more than 250 recycling and recovery facilities - and 10 existing waste to energy projects with a capacity of over 2.6 million tonnes and 300MW of power output. FCC’s backlog in environmental services was 11.152 billion euros at the end of 2016, with the business area also accounting for 52.6 per cent of FCC Group’s EBITDA. The company continues to grow internationally and started work on the construction of the Recycling and Energy Recovery Centre in Edinburgh and Midlothian in 2015; as well as officially opening an EfW plant in Buckinghamshire. At the end of 2016 FCC secured several municipal waste collection contracts in Barrow-in-Furness borough council, Cumbria (United Kingdom), and in the city of Prostějov in the Czech Republic. In 2017 it has already been awarded its fourth (in Garland) and fifth (in Mesquite) recycling contracts in the state of Texas in the United States, with the recyclable materials due to be processed at the newly opened Materials Recycling Facility in Dallas. Visit to learn more.

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