RWE water business hones its focus
- From: Vol 5, Issue 3 (March 2004)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: American Water Works, Berlinwasser, Ondagua, Pridesa, RWE, RWW and Thames Water
RWE announced a shake-up of its water business at its year-end results presentation last month. Thames Water’s international interests outside Europe and America may be sold as the company focuses its investment on eastern Europe.
Harry Roels, RWE’s chairman, declared recently: “The era of major takeovers is over, we now want organic growth”. He said: “We’ll certainly grow the water sector”, pointing out that eastern Europe is a good sector for growth, especially when water can be combined with electricity and gas activities. But, in parallel, RWE intends to pull out of other ...
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