Wednesday 18 March 2015

RWE Said to Mull 10% Stake Sale to Abu Dhabi Investors - Bloomberg Business

RWE Said to Mull 10% Stake Sale to Abu Dhabi Investors - Bloomberg Business:



"RWE AG is considering selling a 10 percent stake to Abu Dhabi investors as Germany’s second-largest utility contends with sliding prices and surging debt, according to people with knowledge of the matter.



RWE has been in talks with investors in the Emirate about the potential sale since last year and there is no certainty an agreement will be reached, the people said, asking not to be named as the details aren’t public.



RWE was contacted by an investor from the Middle East region a few months ago, spokeswoman Sabine Jeschke said by phone. The company is considering different types of cooperation, she added, declining to comment further."



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