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Press release Box-ID: 282396

RWE Aktiengesellschaft Altenessener Straße 35 45141 Essen, Germany http://www.rwe.com
Contact Mr Volker Heck +49 201 1215120
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RWE Aktiengesellschaft

RWE disposes of more shares in American Water

(PresseBox) ( Essen, )
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- Shareholding reduced to 26.5%
- Proceeds of approximately $650 million

RWE today announced that it has further reduced its shareholding in U.S. water utility American Water.

Following the initial public offering of the U.S. company in April 2008 and the divestment of 15.4 million additional shares in June 2009, RWE divested another 35 million shares at $19.25 per share on Thursday through a group of underwriters. The offering size was increased by 5 million shares compared to the start of the offering on Tuesday due to strong market demand.

In addition, RWE has granted the underwriters a 30-day "greenshoe option" to purchase up to 5.25 million additional shares.

This will lead to net proceeds of around $650 million (€460 m) for RWE, bringing the company's shareholding in American Water down from 46.6% to 26.5% (both excluding the exercise of the "greenshoe option").
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The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.