CORPORATE
- From: Vol 4, Issue 7 (July 2003)
- Category: Need to know
- Region: Unspecified
- Country: France, Germany, Malaysia, Spain and United Kingdom
- Related Companies: Aguas de Barcelona, AWG, Bream Investments, Eon, Gas Natural, Gelsenwasser, RWE, Suez, Taliworks Bhd and Total
Germany: RWE president Harry Roels said the company was no longer a candidate to acquire Gelsenwasser from Eon.
Roels explained that the group regarded the asking price as too high – around €1 billion for a stake of 80.5% – at a time when RWE is engaged in an operation to reduce its debts. German media sources reported that Roels insisted on the abandonment of any plan to acquire
Gelsenwasser against the views of senior managers in RWE’s ...
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