RWE AG (RWNFF.PK)
Mon, May 22 2017
PARIS, May 22 A Franco-German alliance between Engie and RWE could make sense from an industrial point of view, provided it has no impact on jobs, Engie's top union official told Reuters on Monday.
FRANKFURT/PARIS RWE and Engie are studying a possible share swap that could create a Franco-German giant in power grids, renewables and energy services with a market value of about 50 billion euros ($55.8 billion).
* Franco-German "Airbus-style" energy alliance idea revived (Adds market reaction, Franco-German alliance, financial details)
FRANKFURT German utility RWE, which has struggled due to declining wholesale electricity prices and its aging power plants, slightly beat first-quarter core profit expectations on Monday as tighter capacity in Europe enabled it to raise production.
* Shares top German blue-chip index (Recasts, adds fresh CFO quote, analyst, shares)
FRANKFURT German utility RWE has so far not fallen victim to a global hacking attack that hit car factories, hospitals and other organizations in about 100 countries, its chief financial officer told journalists on Monday.
ESSEN, Germany, May 15 RWE has sold the bulk of its 2018, 2019 and 2020 power generation from nuclear and brown coal-fired plants in Germany, the utility's first-quarter earnings report showed on Monday.
DUESSELDORF, Germany RWE is under no pressure to sell stakes in its networks, retail and renewables unit Innogy , Chief Executive Rolf Martin Schmitz said, but added it could make sense to diversify its financial portfolio in the long-term.
* CEZ says not interested in buying stakes (Adds EnBW comment, additional data on Matrai Eromu power plant)
* Analysts, investors have pointed to RWE/Uniper tie-up (Adds quote from CEO, context)