Berlinwasser reorganises
- From: Vol 3, Issue 10 (October 2002)
- Category: General
- Region: Europe
- Country: Germany
- Related Companies: Berlinwasser and RWE
Berlinwasser Holding (BWH) and Berliner Wasserbetriebe (BWB) are to undergo “comprehensive management restructuring” following talks between stakeholders – the state of Berlin and an RWE/Vivendi consortium.
The reshuffle follows BWH’s narrow escape from bankruptcy earlier this year after its shareholders agreed to put up bank guarantees of €158 million (see GWI, Vol. 3, Issue 6, p.18).
The companies’ announcement of what the new structure is to achieve – once in place at the end of October – is probably a strong indicator of what management has ...
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