RWE AG (RWEG_p.DE)
21 Aug 2018
FRANKFURT RWE on Tuesday said a deal to break up its networks and renewables unit Innogy with rival E.ON was on track after posting first-half core profit that was in line with expectations.
FRANKFURT, Aug 14 RWE sold the bulk of its power generation from nuclear and brown coal-fired plants from 2018 and the following three years at prices well below current levels, company data showed on Tuesday.
* Big opportunities seen in solar pv, electric vehicles (Adds more detail, context)
BERLIN Innogy said it has reached two legally binding agreements with E.ON and RWE for a fair integration process and supported its planned break-up, clearing the way for the complex deal to progress.
LONDON/LISBON China Three Gorges has held talks with European utilities to gauge their interest in buying EDP's U.S. renewables business, as it looks to smooth the path for its planned takeover of the Portuguese company, three sources familiar with the matter said.
FRANKFURT, June 23 German utility RWE is earmarking 1.5 billion euros ($1.75 billion) a year for investments in green energy following a deal to break up its Innogy unit, its chief executive told a German newspaper.
FRANKFURT E.ON has the right to walk away from an agreed deal to break up Innogy should it sell single assets worth more than 150 million euros ($179 million) or assets worth a combined 450 million, RWE's finance chief said.
FRANKFURT, May 15 E.ON has the right to walk away from an agreed deal to break up Innogy should it sell single assets worth more than 150 million euros ($179 million) or assets worth a combined 450 million, RWE's finance chief said.
FRANKFURT/DUESSELDORF Innogy held off supporting a 4.9 billion euro ($5.9 billion) bid by German rival E.ON on Thursday, saying it was not clear if a far-reaching asset swap with its parent RWE was fair for workers or minority shareholders.
* RWE, E.ON, Innogy CEOs to meet with labour reps (Adds RWE, E.ON comment, details on Innogy CFO)