AquaMundo was founded in 2000 by ABB, Bilfinger Berger and MVV Energie, with each founder holding one third of the shares.
The acquisition gives AmiWater two thirds of the shares, while MVV Energie remains as a shareholder with one third. By mutual agreement of the contractual partners the purchase price has not been disclosed. Approval of the cartel authority is expected to be issued in the near future.
Aquamundo will continue to operate as an independent German company strongly focusing on the international market in which it develops,
finances and operates international water supply and wastewater disposal projects in South-East Europe, China and Latin America.
AmiWater also operates and manages water supply and wastewater infrastructural facilities and the company's presence as a shareholder on board constitutes a synergistic gain to the strategic goals of the management of AquaMundo's international market operations.
MVV Energie is active in consultancy and operational business in the international energy, water and wastewater sectors. Cooperation with the Amiantit Group opens up new and additional possibilities for joint ventures between the two companies.
Saudi group Amiantit buys out German partners
AmiWater, a subsidiary of Saudi Arabian Amiantit Group, has taken over the full participation of two German companies, ABB, Mannheim, and Bilfinger Berger, Wiesbaden, into AquaMundo.
Saudi Arabia: Tuesday, June 03 - 2003 at 09:56
- ADD ARTICLE TO
-
Facebook
del.icio.us
Digg">
Wolfram BielensteinTuesday, June 03 - 2003 at 09:56 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Index : German Trade Review
Browse related articles
Browse related articlesToday's most read articles:
- » Sweet Homes to showcase Dhs3bn 'Ajman Uptown' at 'Kuwait Property Exhibition 2008'
- » Dollar Rent A Car expands in Oman
- » Market for buying off-plan may cool off amid global financial crisis, says mortgage expert
- » CAPIVEST sees positive outlook for energy commodities amid global market uncertainty
- » Al Otaiba Communications to get 'E-Motions' flowing with first design-line network products
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
Web Feeds