RWE to make full use of "greenshoe option" on American Water

In the process of selling American Water, RWE will be making full use of the "greenshoe option". This means that:

  • a further 3.9 million shares will be placed
  • the price remains $17.25 per share
  • RWE will receive proceeds of around $67 million before deduction of bank fees
  • the shareholding in American Water will be reduced to around 47%