Essen, 18 November 2009This pressinformation is more than two years old

RWE to divest of more shares in American Water

  • Shareholding reduced from 23.5% to 2.1%
  • Proceeds of approximately $ 784 million
  • Complete divestiture possible with full exercise of greenshoe

RWE today announced that it will sell approximately 37.4 million shares in U.S. water utility American Water bringing RWE’s shareholding down from 23.5% to 2.1%. Subsequent to the initial public offering in April 2008 and two additional follow-on offerings in June and August 2009, RWE will sell the shares at $ 21.63 per share through a group of underwriters. This will lead to net proceeds of around $ 784 million (€527 million) for RWE.

RWE has granted the underwriters an over-allotment option (“greenshoe”) to purchase up to 3.7 million additional shares. The option can be exercised within 30 days. If the greenshoe is exercised in full, RWE’s shareholding in American Water will be completely divested.

Please contact our Investor Relations Team with any questions that you may have:

RWE Aktiengesellschaft
Investor Relations
Altenessener Straße 27
45141 Essen

T +49 (0) 201-5179-3112
RWE Aktiengesellschaft
Investor Relations
London Office
c/o RWE Supply & Trading
60 Threadneedle Street
London EC2R 8HP
United Kingdom
T +44 (0) 20 7015 5459
: This pressinformation is more than two years old