RWE AG (RWEG.DE)
23 Mar 2018
BERLIN RWE and E.ON are not planning to merge to create an energy giant after they shook up the German market with an asset swap, the chief executives of the two companies said in a newspaper interview published on Friday.
* Forecasts adj EBITDA of more than 3 bln euros by 2025 (Changes dateline, recasts, adds fresh CEO comment)
MUNICH The German federal state of Bavaria has dropped the idea of selling its 1.44 percent stake in E.ON following the utility group's deal with RWE to carve up Innogy , a government source said on Wednesday.
DUESSELDORF/FRANKFURT, March 19 Innogy, Germany's largest listed energy group said it will continue with its advertising strategy despite plans by parent RWE and peer E.ON to break it up.
FRANKFURT/DUESSELDORF German utility E.ON is emerging as an investor favorite following a major asset swap deal with rival RWE this week, with its eye-popping share of regulated profits outshining RWE's riskier bet on renewables.
FRANKFURT/DUESSELDORF, March 16 German utility E.ON is emerging as an investor favourite following a major asset swap deal with rival RWE this week, with its eye-popping share of regulated profits outshining RWE's riskier bet on renewables.
Mar 16 Below are the ratings awarded by India Ratings and Research Private Ltd (India Ratings), formerly known as Fitch Ratings India for local debt instruments as of March 15, 2018. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ------ --------- SHORT TERM RATINGS: ------------------- A
DUESSELDORF, Germany Labor unions want to move quickly to commit energy groups E.ON and RWE to avoiding forced redundancies in the planned break-up of RWE's networks and renewables unit Innogy , a board member of the Verdi union said.
* E.ON puts synergies at 600-800 mln eur, RWE at 50 mln (Adds details on cuts, synergies)
Utilities E.ON and RWE on Tuesday presented several new details about their landmark deal to break up Innogy , Germany's largest power firm, to beef up their own businesses.