Decisions on acquisitions and investments are associated with risks and opportunities since capital is employed and tied up long term. When a company is acquired, problems can arise in connection with the integration of employees, processes and technologies. RWE has specific accountability provisions and approval processes in place to prepare and implement strategic decisions concerning investments and acquisitions. The same applies to divestments such as the sale of our US water activities. Closely monitoring both our markets and competitors helps us record strategic risks and opportunities adequately and identify them early on.