GERMAN AUSTERITY
- From: Vol 12, Issue 12 (December 2011)
- Category: Need to know
- Region: Europe
- Country: Germany
- Related Companies: Eurawasser, Remondis Aqua , RWE and Suez Environment
The German federal cartel office has decided that austerity should start at home, and has handed the cash-strapped citystate of Berlin a lifeline in its bid to buy back RWE’s 24.95% stake in Berliner Wasserbetriebe (BWB).
It has mandated a 19% cut in drinking water tariffs – to be implemented over three years – which if upheld would inevitably reduce the value of the stake to a more affordable level. BWB’s shareholders have few options to tighten their belts other than to trim profit margins (see story p14).
It is not good news for Remondis Aqua, which ...
Subscription required
To read this full article you must be subscribed to Global Water Intelligence.
Subscribe Now, Sign up for a Free Trial or Log In
