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.
14 November 2013
At its meeting today, the Executive Board of RWE AG released the outlook for fiscal 2014.
19 September 2013
In light of the deterioration in the earnings prospects of the conventional electricity generation business, the Executive Board of RWE AG decided in its meeting today to adjust the company’s dividend policy.
27 June 2013
An arbitral tribunal granted RWE’s request for a revision of the purchase price payable by RWE for the natural gas supplied under its long-term gas supply contract with Gazprom.