Archive 2009

22 July 2009

This pressinformation is more than two years oldRWE Dea to acquire Breagh gas field in the British North Sea

With a 70% stake RWE Dea will take over the majority of the Breagh gas field and its operatorship. Sterling Resources Ltd. will keep a 30% share in the asset. The estimated resources probably make Breagh and the surrounding fields one of the largest undeveloped natural gas discoveries in the British southern North Sea.
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23 June 2009

This pressinformation is more than two years oldEU approval for RWE’s acquisition of Essent

RWE AG today received approval from the European Commission for the acquisition of the Dutch energy utility Essent N.V.. This approval does not include conditions that would specifically affect the Dutch market. As expected, the Commission has formulated conditions for the German market, which will, however, be complied with by Essent due to its already ongoing divestment of the Bremen municipal utility (Stadtwerke Bremen).
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09 June 2009

This pressinformation is more than two years oldRWE successfully issues new euro-bond with short-term maturity

On 8 June 2009, RWE placed a new euro-bond with a total volume of €1.5 billion and a term of 2 ¼ years via RWE Finance B.V. The bond was met with lively investor interest and was several times oversubscribed.
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05 June 2009

This pressinformation is more than two years oldRWE disposes of majority shareholding
in American Water

RWE has reduced its majority shareholding in US water utility American Water to a minority position. After the initial public offering in April last year, a further 11.5 million shares have now been sold to the public through a group of underwriters.
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14 May 2009

This pressinformation is more than two years oldRWE lowers gas prices again by up to 15%

The RWE Group has made a successful start to fiscal year 2009. In the first quarter, the Group increased its operating result by 5%. Recurrent net income rose by 6%. The primary reason for this growth was unusually high earnings from the trading business and gas midstream activities of RWE Supply & Trading.
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13 May 2009

This pressinformation is more than two years oldMajority of Essent shareholders intend to sell shares

Over the course of the last few days, a majority of Essent shareholders have expressed their intention to sell their shares to RWE (56 % of the total Essent shares).
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