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Spirit of Contradiction

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The Saker
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The Saker >>

Have Indaver burnt their Budget?

category national | environment | news report author Thursday April 05, 2007 23:41author 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.

 #   Title   Author   Date 
   Name Change     Biker    Fri Apr 06, 2007 10:14 
   Indaver gone Nuclear     Max    Fri Apr 06, 2007 23:26 
   Industrial Contamination     PJ    Fri Apr 06, 2007 23:29 
   We might need nuclear power     Thomas    Fri Apr 06, 2007 23:55 
   The unfair playing pitch.     Maire    Sat Apr 07, 2007 10:40 
   Is nuclear power irrelevant?     Miriam Cotton    Sun Apr 08, 2007 11:25 
   Pause and Plan     maire    Mon Apr 09, 2007 17:09 
   Renewable     John Ahern    Fri May 11, 2007 15:42 
   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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