Paris, June 12, 2012.
Berliner Wasserbetriebe will appeal the decision of the German Federal Cartel Office against it
Berliner Wasserbetriebe ("BWB"), the public law company in charge of managing water services for the city of Berlin, received notice of the German Federal Cartel Office's ("Bundeskartellamt"or "FCO") decision concluding the FCO's investigations in relation to Berlin drinking water tariffs.
This decision encompasses, among other things, a decrease in BWB's average annual proceeds per cubic meter generated from the sale of drinking water to end customers, of 17% to 18% as compared to 2011 (reference year), for the next four years. It should be implemented by 31 December 2013.
Following a decision of its supervisory board on 6 June 2012, BWB announced that it will appeal this decision before the Higher Regional Court of Düsseldorf, with the support of all the parties involved.
Veolia Water is currently evaluating the consequences of the possible implementation of this decision considering the applicable regulatory and contractual provisions.