"A Qatari state-owned entity has held initial talks to buy German utility RWE AG's Dea oil-and-gas business, in a move that could lead to an expansion of the emirate's holdings in Europe, said two people familiar with the matter.
Analysts and one investment banker connected with talks over Dea have valued the unit at between €4 billion and €7 billion ($5.3 billion and $9.1 billion).
RWE put its Dea oil-and-gas exploration and production unit up for sale in March, after the parent company reported a 28% drop in 2012 profit and gave a bleak outlook for earnings in coming years."
'via Blog this'
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