EUROPE WATER NEWS IN BRIEF
- From: Vol 10, Issue 11 (November 2009)
- Category: Brief
- Region: Europe
- Country: Germany, Italy and Spain
- Related Companies: Aqualia, BNP Paribas, Bristol Water, Calyon, Christ Water Technology, GLV, Mediobanca, WAB Privatstiftung and Welsh Water
* The half-year reporting season for the English and Welsh water companies kicked off with Bristol Water and Welsh Water both citing concerns over increasing customer bad debts in the light of the economic slowdown. A full analysis of the sector’s results will appear in next month’s GWI.
* GLV has amended its takeover offer for Christ Water Technology by reducing the minimum acceptance threshold from 90% to 75%, though it refused to raise the offered price per share, calling it “fair and reasonable considering the [...]challenges faced by CWT”. The move came after Christ’s largest shareholder, WAB Privatstiftung, tendered its entire 27% stake into the offer. The ...
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