- State of Berlin takes over 24.95% of Berliner Wasserbetriebe
- Important step in RWE AG's divestment programme
RWE AG today completed the sale of its indirect 24.95% shareholding in water utility company Berliner Wasserbetriebe. RWE's shareholding in RWE-Veolia Berlinwasser Beteiligungs GmbH as well as two shareholder loans were taken over by a 100 percent subsidiary of the State of Berlin for a total consideration of around €658 million (purchase price of €618 million plus further payments agreed in the share purchase agreement) with retroactive effect as of 1 January 2012.
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