The Czech Competition Authority clears a merger in the water treatment sector subject to a price increase cap (Prague Water CGE-AW / PVK)

Valentová, Eva

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29 Mar 2001

The Czech Competition Authority clears a merger in the water treatment sector subject to a price increase cap (Prague Water CGE-AW / PVK)

KEYWORDS

Reference

Czech Competition Office, S 7/01-268/01-OF, Prague Water CGE-AW / Praské vodovody a kanalizace a.s., 29 March 2001

The operation The merger resulted from a privatisation project based on the decision of the Czech government to transfer the 100 % of shares in Pražské vodovody a kanalizace, a.s. ("PVK") owned by the Czech Republic to other entities. Consequently, the 34 % of shares in PVK were transferred for free of charge to the Prague municipality while the remaining 66 % of shares were acquired by PRAGUE WATER CGE-AW ("CGE-AW"), the successful bidder. (p. 1 and 2) CGE-AW is a French company established for the sole purpose to privatise PVK; CGE-AW is 100 % controlled by its mother company CGE and is part of the multinational group Vivendi Water providing water services in more than 100 countries throughout the

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Author

Eva Valentová
Prague City Hall

13 contributions 29587 visits

Quotation

Eva Valentová, The Czech Competition Authority clears a merger in the water treatment sector subject to a price increase cap (Prague Water CGE-AW / PVK), 29 March 2001, e-Competitions March 2001, Art. N° 20896

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