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RWE AG (RWEG.DE)

RWEG.DE on Xetra

28.19EUR
20 Sep 2019
Change (% chg)

€0.80 (+2.92%)
Prev Close
€27.39
Open
€27.45
Day's High
€28.22
Day's Low
€27.43
Volume
8,760,717
Avg. Vol
3,477,971
52-wk High
€28.22
52-wk Low
€16.78

Latest Key Developments (Source: Significant Developments)

E.ON: No Plans To Raise Electricity Prices After Innogy Takeover
Tuesday, 17 Sep 2019 

Sept 17 (Reuters) - E.On Chief Executive Officer::INDEBTEDNESS AFTER INNOGY DEAL WILL BE HIGHER THAN EXPECTED, MAINLY DUE TO INTEREST RATE EFFECTS.SITES IN MUNICH, ESSEN, DORTMUND AMONG OTHERS WILL BE AFFECTED BY JOB CUTS.WE WILL DECIDE ON RETAIL BUSINESS OF INNOGY IN UK QUICKLY.SAYS WE DO NOT CURRENTLY HAVE ANY PLANS TO TAKE PART IN CONSOLIDATION, WE DON'T WANT TO BE THE BIGGEST BUT RATHER THE BEST.We WILL PRESENT OUR FUTURE STRATEGY NEXT SPRING.SAYS THERE ARE NO PLANS CURRENTLY TO RAISE ELECTRICITY PRICES, ESPECIALLY NOT AS A RESULT OF INNOGY TAKEOVER.  Full Article

Innogy Cuts Outlook For 2019 Adjusted EBIT After Selling Stake In VSEH
Wednesday, 21 Aug 2019 

Aug 21 (Reuters) - Innogy Se ::INNOGY HAS SOLD ITS STAKE IN SLOVAKIAN VSEH TO RWE.INTRA-GROUP TRANSFER OF INNOGY'S 49 PER CENT STAKE IN BUSINESS OF SLOVAKIAN VSEH (VÝCHODOSLOVENSKÁ ENERGETIKA HOLDING A. S.) TO RWE.STRUCTURAL EFFECT ON OUTLOOK DUE TO RETROACTIVE DISCLOSURE AS DISCONTINUED OPERATIONS AS PER 1 JANUARY 2019.FROM INNOGY'S PERSPECTIVE, AN ATTRACTIVE PRICE WAS SECURED.AS PROCEEDS FROM SALE ARE RECOGNISED IN NON-OPERATING RESULT, THIS POSITIVE EFFECT IS NOT REFLECTED IN ADJUSTED EBIT.TWEAKS ADJUSTED EBIT 2019 OUTLOOK TO ABOUT 2.2 BILLION EUROS FROM ABOUT 2.3 BILLION EUROS.TWEAKS ADJUSTED NET INCOME OUTLOOK FOR 2019 TO ABOUT 800 MILLION EUROS FROM ABOUT 850 MILLION EUROS.  Full Article

RWE Closes Aberthaw Power Station
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - RWE AG ::ABERTHAW POWER STATION TO BE CLOSED.WILL TRANSFER ABERTHAW POWER STATION’S EXISTING CAPACITY MARKET AGREEMENTS FOR THE YEARS 2019/2020 AND 2020/2021 TO THIRD PARTIES.WILL ALSO TRANSFER A SMALL PROPORTION TO OTHER UNITS WITHIN RWE’S FLEET.CONSULTATION WITH AFFECTED STAFF AND EMPLOYEE REPRESENTATIVES WILL NOW BEGIN.PROPOSED DATE OF CLOSURE IS 31ST MARCH 2020.SAYS IT HAS BEEN CLEAR FOR SOME TIME THAT THE MARKET CONDITIONS FOR COAL-FIRED POWER GENERATION IN THE UK HAVE BEEN CHALLENGING.SAYS DECISION TO CLOSE THE STATION WILL CONTRIBUTE TO THE COMPANY’S GOAL TO REDUCE ITS CO2 EMISSIONS STEP BY STEP.SAYS DETAILS OF THE CAPACITY MARKET AGREEMENT TRANSFER REMAIN CONFIDENTIAL.  Full Article

E.ON Aims To Further Increase Dividend After Innogy Deal
Tuesday, 14 May 2019 

May 14 (Reuters) - E.ON SE CEO::DO NOT THINK DEAL WITH RWE ON INNOGY IS ENDANGERED.SEE NOTHING IN EU COMMISSION PROCEDURE THAT HITS OUR OPTIMISM.WE WANT TO RAISE DIVIDEND EVEN AFTER INNOGY TRANSACTION.  Full Article

EU Extends Deadline For Review Of E.ON, Innogy Deal
Friday, 10 May 2019 

May 10 (Reuters) - * EU COMMISSION SAYS DEADLINE FOR REVIEW OF E.ON EONGn.DE, INNOGY IGY.DE DEAL EXTENDED UNTIL AUG 23:* E.ON SPOKESMAN SAYS COMPANY REMAINS CONFIDENT OF GETTING APPROVAL FOR INNOGY DEAL IN SECOND HALF OF 2019.  Full Article

Allianz To Invest In Czech Gasnet, Sold To Consortium by RWE
Friday, 3 May 2019 

May 3 (Reuters) - Allianz SE ::ALLIANZ TO INVEST IN CZECH GAS DISTRIBUTION NETWORK GASNET.IN A CONSORTIUM LED BY MACQUARIE INFRASTRUCTURE AND REAL ASSETS (MIRA), REACHED AN AGREEMENT TO PURCHASE A STAKE IN GASNET.UPON COMPLETION, CONSORTIUM WILL OWN 100 PER CENT INDIRECTLY IN GASNET.MIRA, WHICH CURRENTLY HOLDS A 49.96 PER CENT STAKE INDIRECTLY IN GASNET, HAS EXERCISED CONTRACTUAL PRE-EMPTION RIGHTS OVER REMAINING 50.04 PER CENT STAKE CURRENTLY OWNED BY RWE.  Full Article

Brussels Still Examining Acquisition Of Innogy Stake By E.ON - German Regulator
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - German anitrust regulator::NO ANTITRUST OBJECTIONS ON ACQUISITION OF E.ON STAKE BY RWE.EU COMMISSION STILL EXAMINING PLANNED ACQUISITION OF INNOGY STAKE BY E.ON.  Full Article

RWE Files Acquisition Of E.ON, Innogy Assets With Brussels
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - RWE AG ::RWE FILES ACQUISITION OF RENEWABLES BUSINESSES OF E.ON AND INNOGY WITH EUROPEAN COMMISSION.THE FILING IS THE FIRST STEP OF A DIVERSE MERGER CONTROL PROCEDURE, WHICH IS NECESSARY DUE TO THE SUBSTANTIAL ASSET SWAP BETWEEN RWE AND E.ON.RWE WILL ACQUIRE A 16.7 % EQUITY INTEREST IN E.ON.OBJECTIVE IS TO COMPLETE THE TRANSACTION BETWEEN RWE AND E.ON ANNOUNCED IN MARCH 2018 IN THE SECOND HALF OF 2019..RWE WILL FILE THE MENTIONED ACQUISITION OF THE 16.7 % SHAREHOLDING IN E.ON WITH THE GERMAN AND BRITISH CARTEL AUTHORITIES IN DUE COURSE AS WELL.SAME APPLIES TO ACQUISITION OF U.S. ASSETS WHERE RELEVANT COMPETITION AUTHORITIES WILL BE NOTIFIED, THIS WILL HAPPEN IN THE FIRST HALF OF THE YEAR.OBJECTIVE IS TO COMPLETE THE TRANSACTION BETWEEN RWE AND E.ON ANNOUNCED IN MARCH 2018 IN THE SECOND HALF OF 2019.  Full Article

RWE CFO says continues to expect favourable outcome in Hambach case
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Rwe ::CFO SAYS EXPECT THAT STARTING FROM 2019 OUR ADJUSTED EBITDA WILL BE CURTAILED BY 100 TO 200 MILLION EUROS ANNUALLY DUE TO HAMBACH SITUATION.CFO SAYS CONTINUE TO BE CONVINCED THAT THE PRINCIPAL HAMBACH PROCEEDINGS WILL END IN OUR FAVOUR.CFO SAYS TO GET IDLED 1,304 MW DUTCH GAS-FIRED CLAUS C POWER PLANT ONLINE, TO BE AVAILABLE 2020.CFO SAYS DUTCH CLAUS C GAS-TO-POWER PLANT COULD HELP WITH BELGIAN SHORTAGES IF BELGIUM CAPACITY MARKET WAS RIGHT.CFO SAYS INNOGY <<>> BREAKUP DEAL IS COSTING US A HIGH DOUBLE DIGIT MILLION EUR AMOUNT, THIS INCLUDES BANKING ADVISOR FEES.CFO SAYS WILL SEE SUCCESSIVE POWER REVENUE INCREASES FROM 2019 REAPING BENEFIT FROM HIGHER ACHIEVED FORWARD PRICES.CFO SAYS BUILDING NEW CONVENTIONAL POWER PLANTS POSSIBLE IN THEORY.CFO SAYS GENERATION STRATEGY INCLUDES POSSIBLE ASSET PURCHASES OF CONVENTIONAL PLANTS IN CORE MARKETS, NEWBUILDS PROJECTS WOULD HINGE ON SUPPORT.  Full Article

Dortmund cuts voting rights in RWE to 4.1 from 5.7 percent
Friday, 6 Apr 2018 

April 6 (Reuters) - RWE AG ::SAYS VOTING RIGHTS OF CITY OF DORTMUND DECREASED TO 4.1 PERCENT FROM 5.7 PERCENT AS OF APR 6.  Full Article

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RWE buys stake in Slovak energy firm ahead of Innogy breakup

FRANKFURT RWE on Wednesday said it had acquired a 49% stake in Slovak power supply and distribution group VSEH from subsidiary Innogy , as part of a deal to break up Innogy's assets with rival E.ON .