German giant RWE announced last Friday that it intends to sell its Thames Water business in the
RWE believes it can make the best use of its core strengths by concentrating on the converging European electricity and gas markets instead. The limited synergies between the North American and
RWE is evaluating various divestment alternatives for American Water. Options include an initial public offering as well as a sale to financial investors. Once the transaction is underway, the company plans to begin the sales process for Thames Water. Thames Water’s Continental European activities, excluding
Both the North American and
The company aims to complete both deals during 2007.