Gelsenwasser goes to municipal utilities
- From: Vol 4, Issue 8 (August 2003)
- Category: Companies
- Region: Europe
- Country: Germany
- Related Companies: Eon, Eurawasser, Gelsenwasser, Hamburger Wasserwerke, MVV Energie, RWE, Sal Oppenheim, Suez and Veolia
Eon has sold the company to the Dortmund and Bochum Stadtwerke.
Ending several months of suspense and speculation, German energy giant Eon has sold its 80.5% stake in the water and gas company Gelsenwasser to the municipal utilities of Dortmund and Bochum for €835 million and reports making a €500 million profit on the transaction.
The sale has yet to be rubberstamped by Eon’s supervisory board, the cartel authorities ...
Subscription required
To read this full article you must be subscribed to Global Water Intelligence.
Subscribe Now, Sign up for a Free Trial or Log In
