RWE Could Consider Selling Stake In E.ON After Asset Swap -Reuters
12 September 2019 - 12:59PM
Dow Jones News
--German utility RWE could consider selling the 16.7% stake in
E.ON it will hold after an asset swap between the two companies,
Reuters reported late Wednesday, citing RWE's CFO Markus
Krebber.
--Gains from a sale, which analysts value at up to $4 billion,
would be invested in businesses focused on renewables, remaining
fossil fuels and energy trading.
--The company said it will disclose a new strategy once the deal
with E.ON is completed.
Full story: https://reut.rs/2kxEE1t
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(END) Dow Jones Newswires
September 12, 2019 06:44 ET (10:44 GMT)
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