Tuesday, February 06, 2007

GE Enters European Water Market


A unit of General Electric will on Tuesday announce its first investment in the European water market, signalling its belief that water could soon rival the energy sector as a destination for infrastructure investment.

GE Energy Financial Services, which aims to invest $1bn in water infrastructure projects by 2009, is buying 95 per cent of Idex Aquaservices, a French operator that extracts and treats water for industrial use, for an undisclosed sum.