(RWE) Rhein Ruhr Partners
30 articles about "(RWE) Rhein Ruhr Partners "
Shares in Finnish water chemicals supplier Kemira rose sharply at the end of July after new CEO Wolfgang Büchele stamped his authority on the company by announcing a global restructuring programme which will target annual cost savings of around €60 million and is likely to result in 600 job losses – more than 10% of the group’s workforce.
Japanese trading house Itochu has taken another step into the water market with the £43.5 million purchase of a 20% interest in Bristol Water, a regulated British water company.
Spain’s desal programme has been put under the spotlight after environment minister Miguel Arias Cañete claimed that the country’s 17 new desalination plants are running at an average of only 16% of capacity.
Budapest has set a price to buy out the foreign minority shareholders in its waterworks company. It is offering less than what they paid back in 1997.
German energy utility RWE has sold its 50% stake in a long-running municipal wastewater project in Wedemark, Lower Saxony to Remondis.
The company has followed up the acquisition of Eurawasser with two more contract announcements. It should not imply that the group has turned its back on the international market.
The federal cartel office has mandated a steep tariff cut in the German capital. It has clear implications for the value of the private partners’ stakes in the operating company.
RWE may be forced into selling two of its remaining water operations as part of an enlarged €11 billion divestment programme. The buyers will dictate the timetable.
Japanese conglomerates Marubeni and Itochu are expected to submit final bids for Bristol Water this month, along with at least one infrastructure fund.
The plan to re-municipalise part of Berlin’s water company has taken a new turn following a referendum in February. The question remains as to whether the local government can afford to buy RWE out.