German water utility RWE has declared it is to compete with rival French groups Lyonnaise and Vivendi after successfully bidding for UK water and sewerage firm Thames Water.
Thames, bought for ú4.2bn ($61bn), with ú2.46bn of debt, is the most active of the UK's utilities overseas. RWE is to form a new London-based company fronted by Thames Water chief executive Bill Alexander.
Have your say
You must sign in to make a comment
Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.