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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: smolejv@gmx.net who wrote (49892)	5/13/2004 4:28:14 AM
From: elmatador	Read Replies (1) \| Respond to of 74559

Von Pierer builds on Messier's ruins By Brian Groom Financial Times; May 13, 2004 Veolia Environnement's sale of most of its US Filter water treatment business to Siemens for $993m has a neat symmetry: the relic of one failed US expansion is bought to fuel another transatlantic ambition. For Veolia it was the best of a bad job, raising a fraction of the price paid by Jean-Marie Messier as part of Vivendi Universal five years ago. Siemens is spending from its cash pile to bring it closer to General Electric in the world's biggest water market. Siemens' Heinrich von Pierer expects the company to grow faster than the industry average but it will have to work to match GE's operating margins. DJ: I want to see von Pierer build on the ruins of Alstom soon!!!