Slow expansion frustrates Gelsenwasser
- From: Vol 6, Issue 7 (July 2005)
- Category: General
- Region: Europe
- Country:
- Related Companies: Gelsenwasser, MVV Energie, Remondis and Veolia
The communally-owned company remains ambitious both at home and abroad.
Germany’s largest water and wastewater company Gelsenwasser sees limited opportunities for acquisitions over the coming years, earmarking just €88 million specifically for ‘business expansion’ in the period to 2009.
Company chairman Manfred Scholle will “see that financing is there” if larger investments come up, “but developments have not corresponded to market expectations; you can count opportunities on the fingers ...
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