Key Developments: RWE AG (RWEG.DE)

RWEG.DE on Xetra

28.83EUR
15 Aug 2014
Price Change (% chg)

€0.14 (+0.51%)
Prev Close
€28.68
Open
€28.64
Day's High
€29.61
Day's Low
€28.64
Volume
3,015,692
Avg. Vol
2,452,656
52-wk High
€32.98
52-wk Low
€24.35

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Latest Key Developments (Source: Significant Developments)

RWE AG says still lacks British approval for sale of RWE Dea unit
Sunday, 28 Sep 2014 10:12am EDT 

RWE AG:Says it still lacks "comfort letter" from United Kingdom's Department of Energy and Climate Change.Says it is prerequisite for closing sale of its oil and gas unit RWE Dea AG.  Full Article

RWE AG to buy back up to 600,000 shares
Friday, 26 Sep 2014 04:29am EDT 

RWE AG:Says to acquire from Oct. 1 through no later than Nov. 5 up to maximum of 600,000 shares of RWE AG.Says number of shares to be acquired is limited by total purchase price not exceeding 21.0 million euros.  Full Article

RWE AG says Northland Power acquires majority equity stake in North Sea offshore wind farms from RWE Innogy
Wednesday, 3 Sep 2014 08:00pm EDT 

RWE AG:Says Northland Power Inc., (Northland), and RWE Innogy GmbH, have signed agreement for Northland to acquire 85 pct equity stake in three offshore wind projects, consisting of Nordsee One, Nordsee Two and Nordsee Three.No purchase price disclosed.  Full Article

FPT to acquire RWE IT Slovakia from RWE AG
Thursday, 19 Jun 2014 06:22am EDT 

FPT Corp:On June 18, FPT signed an agreement with RWE AG to fully acquire RWE IT Slovakia.RWE IT Slovakia will become a wholly owned subsidiary of FPT Software, a subsidiary of FPT, and be renamed FPT Slovakia.RWE IT Slovakia provides information technology services, mainly SAP and Smart Home solutions, for RWE AG.  Full Article

RWE AG to build 37 MW solar park in Britain - Reuters
Wednesday, 23 Apr 2014 03:29am EDT 

RWE AG:Plans 37 megawatt (MW) solar park in Britain, expanding its presence in renewable energy - Reuters.Kencot Hill Solar Firm - located on disused airfield in Oxfordshire, England - is expected to come online in late summer 2014 and to power about 10,000 households with electricity.RWE has appointed solar group Conergy to build park.Upon completion, park to be sold to Foresight Solar Fund Limited, managed by UK-based infrastructure asset manager Foresight Group.No financial details were disclosed.  Full Article

RWE AG signs credit agreement for 4 billion euros
Monday, 31 Mar 2014 08:00pm EDT 

RWE AG:Signs new credit agreement for 4 billion euros.Syndicated credit line replaces existing agreement, also for 4 billion euros, and is intended to secure group’s liquidity.RWE is taking advantage of market environment to improve its financing conditions.Credit line is made available by international banking consortium for initial term of five years, with option to renew it twice for year at time.  Full Article

RWE AG and LetterOne Group sign contract for sale of RWE Dea
Thursday, 27 Mar 2014 08:00pm EDT 

RWE AG:Signs contract for sale of RWE Dea AG at enterprise value of around 5.1 billion euros.Says enterprise value includes around 0.6 billion euros in assumed liabilities.Transaction expected to close later this year.  Full Article

RWE AG and LetterOne Group agree on sale of RWE Dea
Sunday, 16 Mar 2014 11:38am EDT 

RWE AG:Says together with LetterOne Group agrees terms for sale of RWE Dea AG at enterprise value of ca. 5.1 billion euros and on contractual conditions.Conditions to clarify further details shortly in order to enter into sale and purchase agreement.Enterprise value includes ca. 0.6 billion euros in assumed liabilities.Transaction expected to close later this year.  Full Article

RWE AG issues FY 2014 outlook in line with analysts' estimates and to propose dividend for FY 2013
Monday, 3 Mar 2014 07:00pm EST 

RWE AG:Says difficult market conditions for conventional power stations will clearly leave their mark on consolidated financial statements for FY 2014.Says FY 2014 operating result will be far below 2013 level.FY 2013 operating result of 5.881 billion euros.Expects operating result of between 4.5 and 4.9 billion euros for FY 2014.FY 2014 operating profit estimate 4.763 billion euros - Thomson Reuters I/B/E/S.Expects recurrent net income to be within range of 1.3 to 1.5 billion euros for FY 2014.FY 2014 net income estimate 1.491 billion euros - Thomson Reuters I/B/E/S.Already decided to propose a dividend of 1.0 euro per share for FY 2013.  Full Article

Telecom Plus PLC Announces Acquisition of Electricity Plus and Gas Plus from RWE AG's Subsidiary; Firm Placing and Placing and Open Offer
Wednesday, 20 Nov 2013 02:00am EST 

Telecom Plus PLC announced that it has entered into a conditional agreement to acquire the entire issued share capital of Electricity Plus Supply Limited (Electricity Plus) and Gas Plus Supply Limited (Gas Plus) (together, the Energy Companies) from Npower Limited (Npower), a subsidiary of RWE AG, for an aggregate consideration of £218 million (the Acquisition). Cash consideration of £218 million, £196.5 million payable on completion of the Acquisition and £21.5 million deferred for three years. The Acquisition and associated expenses will be funded from a combination of the Firm Placing and the Placing and Open Offer and a drawdown of approximately £100 million from the New Debt Facilities entered into with Barclays. The Firm Placing and the Placing and Open Offer are fully underwritten by Peel Hunt and will raise approximately £130 million of gross proceeds at the Issue Price of 1475 pence per share (out of which approximately £100 million is being raised pursuant to the Firm Placing and approximately £30 million pursuant to the Placing and Open Offer). The Issue Price of 1475 pence per share represents a 2.1% discount to the closing middle market price on 19 November 2013 (being the last Business Day before the date of this announcement). The Open Offer Shares will be offered to Qualifying Shareholders on the basis of 1 Open Offer Share for every 35 Existing Ordinary Shares  Full Article

UPDATE 2-MOL still keen on RWE's oil and gas unit if rival deal fails

* Britain "not minded" to sign letter of comfort -source (Adds details on letter of comfort, changes sourcing, shares)

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