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Have Indaver burnt their Budget?

national | environment | news report

Thursday April 05, 2007 23:41

by Johnny Handsome

Report this post to the editors

Has Delta pulled the CASH

Delta NV took over Indaver in February last.

Is John Aherne serious about coming back? Is it his decison any more? Or has his budget been pulled? Rhumour has it he's out of cash.

In February 2007, Delta NV, the fourth largest utility company in The Netherlands, with a turnover of over €1.3 billion and an after-tax profit in 2006 of €105.6 million, became a major shareholder in the Indaver Group. While the company is now the majority shareholder at 61%, the Flemish Government has maintained a 16% shareholding. The remaining shareholders include; Suez Environment (14%) and industrial shareholders (9%).

Indaver itself doesn't have half as much cash - with the Group’s turnover up more than 10%, from €210million in 2005 to €233million in 2006. Those sort of figures certainly mean that a gamble of Euro250m could put a severe dent in Indavers bottom line.

I was under the impression that their profit figures were at the level of their turnover figures - up in the hundreds of millions. Rock on Cork & Meath - Make Indaver spend more of their money than they budgeted to fight you.

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Comments (34 of 34)

#	Title	Author	Date
1	Name Change	Biker	Fri Apr 06, 2007 10:14
2	Indaver gone Nuclear	Max	Fri Apr 06, 2007 23:26
3	Industrial Contamination	PJ	Fri Apr 06, 2007 23:29
4	We might need nuclear power	Thomas	Fri Apr 06, 2007 23:55
5	The unfair playing pitch.	Maire	Sat Apr 07, 2007 10:40
6	Is nuclear power irrelevant?	Miriam Cotton	Sun Apr 08, 2007 11:25
7	Pause and Plan	maire	Mon Apr 09, 2007 17:09
8	Renewable	John Ahern	Fri May 11, 2007 15:42
9	net loss to the environment.	maire	Fri May 11, 2007 18:06
10	Incineration and Carbon	John B	Sun May 13, 2007 13:22
11	More Proof	John Ahern	Mon May 14, 2007 20:56
12	benifit of incineration is only to Indaver.	maire	Tue May 15, 2007 10:52
13	Not So	John Ahern	Wed May 16, 2007 07:19
14	Not so, health benefits of incineration.	maire	Wed May 16, 2007 10:56
15	Waste waffle	Sally O Brien.	Wed May 16, 2007 13:30
16	Climate Change	John Mc L	Wed May 16, 2007 23:45
17	Oil from Waste	John Ahern	Fri May 18, 2007 08:37
18	Sustainable Development	Recycletta	Mon May 21, 2007 15:53
19	Surely Not	John Ahern	Mon May 21, 2007 17:56
20	The Recycling Industry Say....KEEP INDAVER OUT	Cork Harbour Resident	Mon May 21, 2007 21:53
21	Incineration vs recycling	Jamie	Tue May 22, 2007 13:01
22	directing our waste policy	maire	Thu May 31, 2007 16:08
23	Pro- Indaver Government Policy	Recycletta	Thu Jun 07, 2007 15:35
24	Incineration Policy	ML	Wed Jul 11, 2007 17:18
25	indaver news	Cammum	Thu Jul 12, 2007 16:19
26	Pro-Indaver Government Policy	maire	Fri Jul 13, 2007 15:31
27	Delta in trouble	Ali G	Sun Jul 15, 2007 21:31
28	Update on financial position of Indaver new parent Delta	ML	Thu Aug 16, 2007 16:33
29	Indaver sale to Delta	Info	Wed Aug 22, 2007 12:58
30	newspaper report on John Gormley's speech	Asda	Tue Sep 04, 2007 08:18
31	INDAVER	ML	Wed Oct 17, 2007 16:22
32	Urgent Action Required If Minister Gormley Serious About Move Away From Incineration	linda fitzpatrick	Wed Oct 17, 2007 22:33
33	St. John's Wort	Herbalist	Thu Oct 18, 2007 23:14
34	Herbs	ML	Sat Oct 20, 2007 16:57

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