RWE sets its sights beyond American Water IPO
- From: Vol 8, Issue 3 (March 2007)
- Category: General
- Region: Europe
- Country: United States
- Related Companies: American Water, Berliner Wasserbetriebe, RWE and Thames Water
Tariff rises in the US failed to boost profits at RWE’s water division last year. The company is looking to wrap up the American Water IPO and move on.
A rash of recent announcements from RWE saw the company unmask its future CEO, release its 2006 results, set out plans for a €25 billion investment programme, and announce a share buyback
initiative, all within the space of a week.
New face Juergen Grossmann will take over from Harry Roels as CEO in early 2008, while the share buyback programme ...
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