German utility EnBW plans sale of MVV stake - report
FRANKFURT Feb 4 (Reuters) - The new chief executive of German utility EnBW is planning to sell off the company's stake in MVV Energie AG as part of a new strategy to be announced next week, a German paper reported on Monday.
Frank Mastiaux is planning to free up cash for the company through disposals, Handelsblatt reported, citing industry sources, and has appointed Commerzbank to find a buyer for its 15.1 percent stake in MVV.
Commerzbank is also seeking a buyer for a further 7 percent in MVV for which EnBW has right of first refusal and for a 6.3 percent stake owned by GDF Suez, the paper said.
- 'Good night': Haunting final contact from missing Malaysian jet |
- Crimeans vote over 90 percent to quit Ukraine for Russia |
- Ukraine, Russia agree Crimea truce until March 21-Ukraine minister
- North Korea fires 25 short-range and obsolete rockets: South Korea
- France bans Monsanto GM maize ahead of sowing season