Saturday, December 13, 2014

Acciona calls for respect to contract with ATLL and reserves shares … – La Vanguardia

Acciona calls for respect to contract with ATLL and reserves shares … – La Vanguardia

Barcelona, ​​December 13 (Thomson Financial) .- The consortium that won the Catalan Generalitat management of the public company Aigües Ter-Llobregat, led by Acciona, today called respect the contract “force” that gives management company, and has warned that the Government reserves the legal actions it deems appropriate to defend their interests.

In a statement, the consortium, which is also part Brazilian bank BTG Pactual, It has thus reacted to the announcement of the Government that it has decided to implement the resolution of the Administrative Office of Contractual Resources of Catalonia (OARCC), dependent body of the Catalan government, which overturned the award of ATLL to lead by Acciona consortium.

This consortium engaged in a legal battle with all Agbar by the management of this company, emphasizes that the courts have not yet been pronounced “definitely on the merits”.

In this line , warning of “uncertainty and insecurity” that can be generated if backtrack on this award, since “would adversely affect the credibility and stability of Catalonia as a secure environment for investment.”

ATLL is the company that provides the service water supply “high” (from the basins of the rivers to the municipal deposits) to Barcelona and its metropolitan area, and the privatization of the company, amounting to 1,000 million euros, is the largest undertaken by the Government in its history.

Also note consortium led by Acciona warns of the “risk of consolidating a de facto monopoly in the provision of water service Catalonia “if Agbar gets ATLL.COM

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