06 October 2016
The Executive Board of RWE Aktiengesellschaft together with the Management Board of innogy SE with the approval of the responsible Supervisory Board committees of the companies determined the offer price for shares of innogy SE at Euro 36.
01 August 2016
In its meeting today, the Executive Board of RWE AG has adopted the outlook for RWE International SE for fiscal 2016 and 2017.
17 February 2016
In light of the further deterioration in the earnings prospects of the conventional electricity generation business, the Executive Board of RWE AG decided in its meeting today to propose to the annual general meeting on 20 April 2016 a dividend of EUR 0,13 per preferred share and a suspension of the dividend for ordinary shares in order to strengthen the financial power of the company. Previous year’s dividend was EUR 1 per preferred share as well as per ordinary share.
01 December 2015
The Executive Board of RWE AG has resolved on the pooling of the renewable energy, grids and retail business areas in Germany and abroad in a new subsidiary and the placement of approximately 10% of the new subsidiary by way of an initial public offering in connection with a capital increase which is expected to take place at the end of 2016. At the same or later point in time, additional stakes may be disposed. By transferring these business areas to the new subsidiary, RWE AG will create new financing and additional growth opportunities for the activities pooled in the subsidiary. The restructuring will not change the assets at RWE AG’s disposal to meet its financial commitments.
The whole transaction is subject to the approval of the Supervisory Board which is expected to decide in its meeting on 11 December 2015.
01 March 2015
The UK Department of Energy and Climate Change (DECC) announced yesterday
that the Secretary of State is not willing to provide a comfort letter for
the change of control on the UK business of RWE Dea.
16 January 2015
RWE and LetterOne-Group have agreed to complete the divestment of RWE Dea by early March 2015 at the latest.
12 December 2014
The Executive Board of RWE AG decided in its meeting today that the dividend proposal will no longer be based solely on recurrent net income starting with the payment for fiscal 2015. So far, the dividend proposal has been oriented towards a payout ratio of 40% to 50% of recurrent net income. In the future, it will be oriented towards RWE’s operating cash flows, indebtedness and earnings position.
29 September 2014
For the Closing of the sale of RWE Dea AG several consents from third
parties are outstanding.
16 March 2014
RWE Aktiengesellschaft and LetterOne Group have today agreed terms for the sale of RWE Dea AG at an enterprise value of ca. 5.1 billion Euro and on
the major contractual conditions.
28 January 2014
Pursuant to International Accounting Standards (IAS 36), RWE AG is obliged to perform impairment tests both regularly and in the occurrence of certain events. RWE has identified the need to recognise an additional impairment of about EUR 3.3 billion at the Group level for the financial statements for 2013 compared to the interim financial statements as of September 2013.