Regulatory News:
Veolia Water (Paris:VIE) has announced its intention to appeal a Berlin
court’s decision not to issue a preliminary injunction against the sale
by RWE of its shares in Berliner Wasserbetriebe. On May 30, 2012, the
court decided against Veolia Water’s motion for an injunction.
Veolia Water stated: "We still believe that RWE cannot sell its shares
in Berliner Wasserbetriebe as planned without our consent. Therefore, we
will file an appeal against the decision made on May 30, 2012.
Nevertheless, it is necessary that all parties involved seek as soon as
possible a reasonable and quick, and above all acceptable and legally
binding, solution for RWE’s exit from its stake in Berliner
Wasserbetriebe. As ever, Veolia Water is willing to negotiate and hopes
to make rapid progress.”
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Veolia Water, the water division of Veolia Environnement, is
the world leader in water and wastewater services. Specialized in
outsourcing services for municipal authorities, as well as industrial
and service companies, it is also one of the world’s major designers of
technological solutions and constructor of facilities needed in water
and wastewater services. With 96,651 employees in 69 countries, Veolia
Water provides water service to 103 million people and wastewater
service to 73 million. Its 2011 revenue amounted to € 12.617 billion. www.veoliaeau.com
Press release also available on our web site: http://www.finance.veolia.com
