RWE AG And E.ON AG In Advanced Talks To Sell Horizon-Reuters

Thursday, 25 Oct 2012 12:00pm EDT 

Reuters reported that RWE AG is in advanced talks to sell Horizon, its British nuclear joint venture with E.ON, a deal that analysts say could fetch up to EUR500 million euros ($648 million). E.ON and RWE, under pressure from Germany's decision to phase out nuclear power, in March announced the sale of Horizon, a joint venture through which they had planned to invest 15 billion pounds ($24 billion) building plants in Oldbury and Wylfa with combined capacity of at least 6 gigawatts (GW). 

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