German success for VE
- From: Vol 2, Issue 5 (May 2001)
- Category: General
- Region: Europe
- Country: Germany
- Related Companies: Allianz, Berlinwasser, Dalkia, RWE and Veolia Environnement (formerly Vivendi Environnement)
VIVENDI ENVIRONNEMENT (VE) has paid DM108 million (€55 million) to take over the water treatment and other municipal services operated by the Stadtwerke in the east German town of Görlitz.
The city council in the state of Saxony voted to back the acquisition by VE of a 74.9% interest in the municipal services company.
The operation covers the distribution and treatment of water, waste collection and disposal, energy distribution and public transport. The authority employs 420 people and serves a population of around 80,000. It posted consolidated revenues ...
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