RWE bullish about water sector
- From: Vol 3, Issue 9 (September 2002)
- Category: Companies
- Region: Europe
- Country: United Kingdom
- Related Companies: American Water Works, Eon, Gelsenwasser and Innogy
Following a two-year buying spree which has affected all four of its core business sectors – water, electricity, gas and environmental services – chairman of the RWE executive board Dietmar Kuhnt says the group will now take a breather on acquisitions to focus on the integration of new companies and on maximising synergies.
Announcing RWE’s results for the first half of 2002, Kuhnt noted that amongst the tasks underway, integration teams staffed by employees of RWE, Thames Water and UK energy company Innogy were already working on merging Innogy and Thames Water’s customer service functions.
Kuhnt also expressed for the first time in public RWE’s interest in acquiring Gelsenwasser, Germany ...
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