Regulatory News:
Veolia Environnement (Paris:VIE):
Berliner Wasserbetriebe ("BWB"), the public law company in charge of managing water services for the city of Berlin, received notice of the German Federal Cartel Office's ("Bundeskartellamt"or "FCO") decision concluding the FCO's investigations in relation to Berlin drinking water tariffs.
This decision encompasses, among other things, a decrease in BWB's average annual proceeds per cubic meter generated from the sale of drinking water to end customers, of 17% to 18% as compared to 2011 (reference year), for the next four years. It should be implemented by 31 December 2013.
Following a decision of its supervisory board on 6 June 2012, BWB announced that it will appeal this decision before the Higher Regional Court of Düsseldorf, with the support of all the parties involved.
Veolia Water is currently evaluating the consequences of the possible implementation of this decision considering the applicable regulatory and contractual provisions.
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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:
Veolia Environnement
Analyst and institutional investor
Ronald
Wasylec, +33 1 71 75 12 23
or
US Investors
Terri
Anne Powers, +1-312-552-2890
