The billionaire’s garage sale
- From: Vol 5, Issue 3 (March 2004)
- Category: Analysis
- Region: Unspecified
- Country: United Kingdom
- Related Companies: American Water Works, AWG, Deutsche Bank, Mid Kent Water, Northumbrian Water, RWE/Thames (Water), Southern Water, Standard & Poor’s, Veolia and WestLB
RWE is considering selling some of its water assets. It should sell more.
When RWE bought Thames Water in 2000 and then announced that it was acquiring American Water Works the following year, it was behaving like a bored billionaire who, upon taking an interest in golf, doesn’t just buy a set of clubs but acquires an 18-hole championship golf course as well.
They do these things, not because they need to ...
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