EVN AG — M&A Activity 2003

Jul 2, 2003

News Details

Ad-hoc | 2 July 2003 17:39

EVN AG english

EVN takes over WTE Wassertechnik GmbH (WTE), Essen Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– EVN takes over WTE Wassertechnik GmbH (WTE), Essen, a leading services supplier in the area of drinking water and wastewater treatment WTE, which was founded in 1984, is a leading provider of water supply and wastewater treatment services in Europe. The company designs, builds, finances and operates communal and industrial water and wastewater systems and has a 1,000 km sewer network, 1,100 km of drinking water pipes and total sewage plant capacity for a population of 8.5 million people. WTE is already a successful player in the European market, operating 69 sewage plants with branches and project companies in Austria and ten other EU countries, EU applicant countries, Russia and the Ukraine. Up to now, WTE was owned by Berlinwasser Service GmbH, a fully owned subsidiary of Berlinwasser Holding AG in which the state of Berlin has a 50.1% holding and Vivendi as well as RWE an equal share of the remaining 49.9%. WTE has its company seat in Essen. The transaction is subject to approval by the antitrust authorities, but should take effect on October 1, 2003. Following the purchase of the Lower Austrian NÖSIWAG in 2001, which is now named “evn wasser”, with the take-over of WTE the EVN Group has strengthened its profile as a leading supplier of know-how services in the area of water supply and wastewater treatment. In an initial reaction, EVN Chairman, Rudolf Gruber, described the strategic importance of this purchase to EVN as follows, “With this step we have enlarged our range as a supplier of infrastructure services for local government on both a national and international level. Our aim is to profit from the impetus created by the imminent expansion of the EU to the East in co-operation with our partner companies.” end of ad-hoc-announcement (c)DGAP 02.07.2003 ——————————————————————————– WKN: 074105; ISIN: AT0000741053; Index: ATX Listed: Amtlicher Handel in Wien; Amtlicher Markt in Frankfurt (General Standard, WKN 878279) und München; Freiverkehr in Berlin-Bremen und Stuttgart 021739 Jul 03