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RWE AG Talks To Sell Upstream Oil, Gas Unit Dea Haven't Started-DJ

Wednesday, 12 Jun 2013 09:50am EDT 

Dow Jones reported that RWE AG continues to sound out market interest in its oil and gas production unit RWE Dea with the aim of selling the entire business, which analysts have said could be worth up to around 5.8 billion. The sale is part of a broader effort to reduce debt and strengthen the utility's balance sheet as muted energy demand in Europe erodes the price it can charge for its electricity. 

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-0.88 -3.50%
17 Apr 2015