RWE faces up to watered-down portfolio
- From: Vol 12, Issue 9 (September 2011)
- Category: General
- Region: Europe
- Country: Germany
- Related Companies: (RWE) Rhein Ruhr Partners , Budapest Water Works and Veolia
RWE may be forced into selling two of its remaining water operations as part of an enlarged €11 billion divestment programme. The buyers will dictate the timetable.
Negotiations between RWE and the city of Berlin over selling the energy company’s 24.95% stake in Berliner Wasserbetriebe back to the municipality are likely to be delayed by local state elections due to be held on 18 September. The threat of European Commission procedures on the contravention of state aid and public procurement rules could more seriously jeopardise ...
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