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RWE AG (RWNFF.PK)

RWNFF.PK on OTC Markets Group - US Other OTC and Grey Market

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Latest Key Developments (Source: Significant Developments)

RWE says supervisory board names Schmitz as new CEO
Friday, 14 Oct 2016 05:46am EDT 

RWE AG : Says supervisory board appointed Rolf Martin Schmitz as new chairman of executive board of RWE Further company coverage: [RWEG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Innogy IPO books covered within the range on the full dealsize - bookrunner
Monday, 26 Sep 2016 12:18pm EDT 

Innogy SE : Bookrunner says IPO books covered within the range on the full dealsize, incl. the upsize option & greenshoe option Further company coverage: [RWEG.DE] ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

RWE, gov't talks over nuclear storage funding still ongoing
Friday, 23 Sep 2016 12:03pm EDT 

RWE AG : Ceo says talks over funding of nuclear waste storage ongoing, will still take a while to reach deal Further company coverage: [RWEG.DE] (Frankfurt newsroom) ((+49 69 7565 1270; Reuters Messaging: frankfurt.newsroom@thomsonreuters.net)).  Full Article

RWE says planned Innogy stock market debut on Oct. 7, 2016
Friday, 23 Sep 2016 11:16am EDT 

Rwe Ag : RWE says innogy´s stock market debut planned for 7 october 2016 Further company coverage: [RWEG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Innogy SE shares priced between 32 euros to 36 euros for IPO
Thursday, 22 Sep 2016 03:13pm EDT 

Rwe Aktiengesellschaft : Co and management board of Innogy Se determined price range for shares of Innogy se to be offered in IPO to range from euro 32 to euro 36 . Share capital of Innogy SE amounts to 1 bln euros and is divided into 500 mln ordinary bearer shares with no par value .As part offering, innogy se shares worth 940 million euros from the holdings of RWE Downstream Beteiligungs will be acquired by funds under management of subsidiaries of Blackrock Inc (together the "cornerstone investors") in a private placement.  Full Article

RWE wants to keep investment-grade rating, but not at any cost
Thursday, 11 Aug 2016 06:42am EDT 

Rwe Ag : Cfo says operating cash flow will help achieve goal of lower net debt by year-end, proceeds from innogy ipo not taken into account . Cfo says there is a risk that we have to apply different discount rates on nuclear storage provisions once these are taken out balance sheet . Cfo says have ambition to keep investment-grade credit rating, but not at any cost Further company coverage: [RWEG.DE] (Frankfurt newsroom) ((+49 69 7565 1270; Reuters Messaging: frankfurt.newsroom@thomsonreuters.net)).  Full Article

RWE CEO says don't need to sell parts of Innogy to finance investments
Thursday, 30 Jun 2016 05:33am EDT 

RWE AG : Ceo says don't need to sell parts of Innogy to finance investments Further company coverage: [RWEG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1272;)).  Full Article

UK's competition watchdog announces energy market reforms
Friday, 24 Jun 2016 02:00am EDT 

Competition and Markets Authority : Publishes final energy market reforms . Over 30 measures will be brought in to drive down costs . Concluded its energy market investigation setting out a wide range of reforms to modernise the market for the benefit of customers . Investigation found that 70 pct of domestic customers of 6 largest energy firms still on an expensive ‘default’ standard variable tariff . Has found customers have been paying 1.4 billion stg a year more than they would in a fully competitive market . Suppliers will be ordered to give ofgem details of all customers who have been on their default tariff for more than three years . Details of all customers on default tariff for more than 3 yrs will be put on a secure database .Ofgem will also be given much greater influence over the detailed codes that govern the working of the market.  Full Article

RWE AG - German nuclear plant infected with computer viruses, operator says - Reuters News
Tuesday, 26 Apr 2016 08:24pm EDT 

RWE AG:A nuclear power plant in Germany has been found to be infected with computer viruses, but they appear not to have posed a threat to the facility's operations because it is isolated from the Internet, the station's operator said on Tuesday.The Gundremmingen plant, located about 120km (75 miles) northwest of Munich, is run by the German utility RWE.The viruses, which include "W32.Ramnit" and "Conficker", were discovered at Gundremmingen's B unit in a computer system retrofitted in 2008 with data visualisation software associated with equipment for moving nuclear fuel rods, RWE said.Malware was also found on 18 removable data drives, mainly USB sticks, in office computers maintained separately from the plant's operating systems. RWE said it had increased cyber-security measures as a result.W32.Ramnit is designed to steal files from infected computers and targets Microsoft Windows software, according to the security firm Symantec.First discovered in 2010, it is distributed through data sticks, among other methods, and is intended to give an attacker remote control over a system when it is connected to the Internet.Conficker has infected millions of Windows computers worldwide since it first came to light in 2008. It is able to spread through networks and by copying itself onto removable data drives, Symantec said.RWE has informed Germany's Federal Office for Information Security, which is working with IT specialists at the group to look into the incident.  Full Article

RWE launches future-oriented business with new subsidiary
Wednesday, 30 Mar 2016 08:00pm EDT 

RWE AG:New company for renewables, grids and retail in Germany and internationally starts operating.Further decisions made regarding management Team.New company is headquartered in Essen.  Full Article

Unfazed by Trump, Innogy sticks with U.S. wind expansion plans

BERLIN Innogy , Germany's largest energy group, sees no reason to scrap plans to enter the U.S. onshore wind market, its chief executive said, unimpressed by worries over future support of renewables in the wake of Donald Trump's presidency.