BAFFLING RUMOURS
- From: Vol 5, Issue 8 (August 2004)
- Category: Need to know
- Region: Unspecified
- Country: China, India, United Arab Emirates, United Kingdom and United States
- Related Companies: China Water Company, Energy Recovery Inc, Hyflux, Mitsui & Co., Pridesa, Toyo Engineering Corporation and Veolia
RWE chief executive Harry Roels had to spend some time at his company’s half-year results presentation dismissing rumours about the imminent sale of Thames Water.
Berliner Zeitung had floated the idea in early August on the basis that the draft determination for Thames Water was so poor that it would mean that the water company would be unable to meet its net yield targets. Roels dismissed the divestment story, but agreed that it was a tough determination. “We have to achieve the same output with ...
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