MVV Energie sees further opportunities in Britain despite Brexit

MVV Energie AG

12/12/2017 09:37

FRANKFURT, Dec 12 (Reuters) - German local utilities MVV 
Energie  MVVGn.DE  sees scope to expand its business in Britain 
further after announcing a 135 million euro ($159 million) 
investment in a new waste-to-heat plant in Scotland. 
    "We have a few more ideas in mind," Chief Executive Georg 
Mueller said during the group's annual press conference, but 
cautioned that nothing would materialise in the short-term. 
    The latest investment brings MVV's spending on Britain to 
more than 500 million euros following the construction of an 
energy from waste plant in Plymouth and a biomass site at Ridham 
Dock in recent years.  urn:newsml:reuters.com:*:nF9N1HW00S 
    Mueller said the country remained open to foreign 
investments even after a landmark vote to leave the European 
Union, saying its business there was based on contracts and 
relationships of trust. 
($1 = 0.8494 euros) 
 
 (Reporting by Christoph Steitz, editing by Emma Thomasson) 
 ((christoph.steitz@thomsonreuters.com; +49 69 7565 1269; 
Reuters Messaging: 
christoph.steitz.thomsonreuters.com@reuters.net)) 
 
Keywords: MVV ENERGIE RESULTS/BRITAIN