RWE AG (RWEG_p.DE) Key Developments | Reuters.com
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RWE AG (RWEG_p.DE)

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Latest Key Developments (Source: Significant Developments)

RWE and E.ON jointly sell their minority stakes in the Luxembourg utility Enovos
Tuesday, 22 Dec 2015 07:00pm EST 

RWE AG:RWE and E.ON have yesterday signed agreement to jointly sell their respective 18.4 pct and 10 pct shareholding in Luxembourg utility Enovos International S.A. to a consortium led by Grand Duchy of Luxembourg and Ardian.Transaction is expected to close in the first quarter of 2016.Parties agreed to not disclose the purchase price.  Full Article

RWE AG could sell British business Npower-CFO - Reuters
Friday, 20 Nov 2015 02:16pm EST 

RWE AG:RWE could consider pulling out of Britain if it can't find a way to turn around its Npower business, which has suffered a rapid loss of customers, its chief financial officer told Reuters - RTRS.Bernhard Guenther, RWE's CFO since 2013, said in the interview it would take at least until 2017 for Npower to return to profit from an expected mid double-digit million-euro loss this year. Investors have questioned whether it is worth keeping - RTRS.Guenther said in the interview the company was aiming to come up with a plan for how to fix the unit by next March and to bring down its losses in 2016 compared with 2015- RTRS.Guenther added there was room to improve Npower's profitability through other measures. "There are too many employees when compared with customers and profitability." - RTRS.  Full Article

RWE confirms earnings forecast for FY 2015
Wednesday, 11 Nov 2015 07:00pm EST 

RWE AG:Confirms earnings forecast for FY 2015.Maintains forecast of an operating result between 3.6 billion and 3.9 billion euros.Expects adjusted net income to end up in forecast range, i.e. between 1.1 billion and 1.3 billion euros, even if only just.FY 2015 net income estimate 1.23 billion euros - Thomson Reuters I/B/E/S.  Full Article

RWE AG - UK watchdog extends energy market probe to June 2016 - Reuters
Sunday, 20 Sep 2015 08:00pm EDT 

RWE AG:Britain's competition authority has extended the deadline for its investigation into the country's largest energy suppliers by six months to late June 2016 to consider feedback from industry and consumer groups, it said on Monday - Reuters.Six suppliers -- SSE , Scottish Power, Centrica, RWE npower, E.ON and EDF Energy -- control more than 90 percent of the market and are under intense scrutiny because of public outrage over rising energy bills - Reuters.The Competition and Markets Authority (CMA) said it would aim to deliver the findings "well within" the new timeframe, with a provisional decision by January and a final decision by the end of April - Reuters.An interim update to the probe, published in February, showed most British energy customers who have not switched supplier and/or tariff have missed out on saving up to 234 pounds ($360) a year - Reuters.  Full Article

RWE confirms earnings forecast for FY 2015
Thursday, 13 Aug 2015 01:00am EDT 

RWE AG:Confirms earnings forecast for FY 2015.For FY 2015 still anticipates EBITDA of between 6.1 billion euros and 6.4 billion euros and an operating result of between 3.6 billion euros and 3.9 billion euros, with adjusted net income likely to be in the range of 1.1 billion euros to 1.3 billion euros.FY 2015 EBITDA estimate 6.22 billion euros - Thomson Reuters I/B/E/S.FY 2015 EBIT estimate 3.7 billion euros - Thomson Reuters I/B/E/S.FY 2015 net income estimate 1.3 billion euros - Thomson Reuters I/B/E/S.  Full Article

RWE AG trims units, expands management in overhaul
Monday, 10 Aug 2015 09:05am EDT 

RWE AG:Supervisory board approves reorganisation of RWE.Will no longer exist as holding and will be changed into operating company.To transform management holding into operating company and to merge most of German RWE companies within it.Changes will be implemented by Jan. 1, 2017.Within new RWE AG, in particular supply and networks business will be integrated.  Full Article

RWE AG gives FY 2015 outlook in line with analysts' estimates
Monday, 9 Mar 2015 08:00pm EDT 

RWE AG:For FY 2015, expects a further decline in earnings, despite its continuing efficiency improvements and the effects of its growth measures.To achieve FY 2015 EBITDA of between 6.1 billion euros and 6.4 billion euros and an operating result of between 3.6 billion euros and 3.9 billion euros, with recurrent net income likely to be in the range of 1.1 billion euros to 1.3 billion euros.FY 2015 EBITDA estimate 6.27 billion euros - Thomson Reuters I/B/E/S.FY 2015 EBIT estimate 3.7 billion euros - Thomson Reuters I/B/E/S.FY 2015 net income estimate 1.22 billion euros - Thomson Reuters I/B/E/S.  Full Article

RWE to pay dividend of 1.00 euro per share - Reuters
Tuesday, 3 Mar 2015 01:39am EST 

RWE AG:To pay stable dividend of 1.00 euro per share - Reuters.  Full Article

RWE AG completes sale of RWE Dea AG to LetterOne
Sunday, 1 Mar 2015 07:00pm EST 

RWE AG:LetterOne Group and RWE AG completed RWE’s sale of RWE Dea AG to LetterOne.Enterprise value of 5.1 billion euros.  Full Article

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

UPDATE 1-Germany agrees to plug nuclear liability loophole

* Government approves storage cost fund recommendations (Adds details, shares)