27 November 2003
Heidelberger Druckmaschinen AG (HDM), a 50% subsidiary of RWE AG, reported yesterday that HDM would take a €400 million realignment charge. The charge consists of restructuring costs and, more important, expenses associated with changes planned for the Web Systems and Digital Divisions.
13 November 2003
RWE's key figures for the first three quarters of fiscal year 2003 confirm the multi-utility group's forecast of a steeper climb in the Group operating result for the year as a whole, driven by growth in its core businesses. By implementing its new Group structure on October 1, the Group set a decisive course for generating further added value in its core business areas.
12 November 2003
RWE AG in Essen and the Dortmund-based RWE Gas AG's municipal shareholders today reached an agreement to fully integrate RWE Gas into the Group's new structure.
02 October 2003
On October 2, 2003 RWE agreed to sell another 27.3 million of its 43.9 million shares in CONSOL Energy Inc., the Pittsburgh-based US coal-mining company, in a private placement with various investors.
01 October 2003
The RWE Group as of today is working within the new Group structure. “Our structure puts the customer at center stage. We are establishing the basis for the best possible service, reliability and efficiency. This will enable us to secure organic growth and decisive competitive edge,” said
RWE CEO Harry Roels.
18 September 2003
On September 18, 2003 RWE agreed to sell 14.1 million of its 58.0 million shares in CONSOL Energy Inc., the Pittsburgh-based US coal-mining company, in a private placement with various investors. Simultaneously Consol agreed to place an additional 11.0 million newly issued shares with the same investors. The transaction is scheduled to close on September 23, 2003.
16 September 2003
RWE Trading Americas Inc. will exit North American energy trading.
04 September 2003
The RWE Group in Essen was ranked among the top group of businesses with sustainable leadership by SAM Indexes GmbH of Zürich, published today.
12 August 2003
RWE boosted its operating result by some 35% in the first half of 2003. The Group's core businesses recorded an even more remarkable 46% surge in earnings.
17 July 2003
The RWE Group is preparing for the October 1, 2003 implementation of its new corporate structure. These preparations include the ongoing negotiations with the RWE Gas municipal shareholders, whose approval is required to implement changes envisioned at that company.