HVC to acquire troubled AEB Amsterdam

HVC is to begin the audit of AEB immediately.
12.09.2019 − 

The Dutch waste management company HVC has announced its intention to take over waste incineration plant operator AEB Amsterdam, according to the company. The necessary due diligence audit would begin immediately, with an eye to reaching an agreement before the end of the year, AEB explained.

HVC was much more cautious in the wording of its own announcement. The company is held by a group of 44 municipalities and six water boards, and explained that until now it had processed waste and sewage sludge only for its shareholders. Accordingly, HVC is proposing that the City of Amsterdam "join the HVC collective as a shareholder". Amsterdam and HVC, together with AEB, would now examine this route further. If these investigations led to the conclusion that such a cooperation could be implemented within a common framework, the proposal would be submitted to the HVC shareholders for a decision, said the company.

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