Berlin faces mutiny over profits
- From: Vol 10, Issue 12 (December 2009)
- Category: General
- Region: Europe
- Country: Germany
- Related Companies: Berliner Wasserbetriebe, RWE and Veolia
The city government wants to crimp private profits, while keeping a lid on tariffs. RWE has cried foul play.
Berliner Wasserbetriebe (BWB) is congratulating itself on a decade of public-private partnership between stakeholders RWE Aqua, Veolia Wasser (which together hold a 49.9% share), and the city-state (Land) of Berlin, which holds 50.1%.
But mutiny is in the air. The city government is dissatisfied with the profit share-out between the private and public partners and is seeking to ...
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