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
Contacts:
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Wasylec +33 1 71 75 12 23
or
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Terri
Anne Powers – Tel +1 312-552-2890
