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ET At least three nonbinding bids have been filed for the oil and gas production and exploration unit of RWE AG, valuing the business at up to 5 billion ($6.8 billion) including debt, people familiar with the sale said. But RWE, Germany's second-
The headquarters of German power supplier RWE are pictured in the German town of Essen April 15, 2013. RWE AG may cut more jobs than planned as it battles sluggish demand for energy in a struggling European economy, its chief executive said after
Qatar has held initial talks with Germany's No.2 utility RWE AG about buying its DEA oil and gas exploration and production unit, two people familiar with the deal told Reuters on Friday. SE's oil and gas arm Wintershall has been the only company to
German power giant RWE said Tuesday its net profit dropped 28 percent in 2012 and it expects earnings to decline "significantly" in coming years due to changes in the European energy market. RWE said in a statement its bottom-line net profit fell by
Business Discovery user-driven Business Intelligence (BI), today announced that RWE AG, one of Europe's five leading electricity and gas companies, is using the QlikView Business Discovery platform for ad-hoc analysis and monitoring of key
The Horizon project to build new reactors at Wylfa and Oldbury, Gloucestershire, was put up for sale by German-owned E.ON and RWE in March. Babcock International and Rolls-Royce have signed preliminary contracts to join the Hitachi plan. Hitachi said
Horizon, a British nuclear project jointly owned by RWE AG and E.ON AG, a person familiar with the matter said...The winning bid is expected to be unveiled next week, and an announcement could be made as early as Tuesday, the person said. The news is
RWE AG Tuesday said it would cut another 2,400 jobs as a part of its existing cost-cutting program and warned that trading conditions in Europe's energy markets are still difficult as it reported first-half net profit little changed from a year
KBC Groep NV, Belgiums biggest bank and insurer, and ING Groep NV, the largest Dutch financial-services company, each gained more than 2 percent. EON AG and RWE AG rose after Commerzbank AG upgraded its recommendations on Germanys biggest utilities.
20 TWO German power firms will today scrap plans to build a nuclear power plant in the UK, say sources. RWE Npower and E.ON were planning a joint venture to build Horizon a huge installation in Anglesey...The move will send shockwaves through Britain'