Following E.On’s approach and the changes in the German electricity market, RWE has decided to include renewables, networks and retail activities in a new subsidiary to be listed on the stock market. The IPO would include around 10% of the new company’s share capital to be offered to the public in late 2016. The proceeds from the new company's IPO will be mainly used to finance growth investments in the new company. The new company will have a leverage target of 3.0x to 3.5x net d
02 Dec 2015
Strategy change for renewables, networks and retail: a 10% IPO in 2016
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Strategy change for renewables, networks and retail: a 10% IPO in 2016
RWE AG (RWE:WBO) | 0 0 1.2% | Mkt Cap: 9,772m
- Published:
02 Dec 2015 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Following E.On’s approach and the changes in the German electricity market, RWE has decided to include renewables, networks and retail activities in a new subsidiary to be listed on the stock market. The IPO would include around 10% of the new company’s share capital to be offered to the public in late 2016. The proceeds from the new company's IPO will be mainly used to finance growth investments in the new company. The new company will have a leverage target of 3.0x to 3.5x net d