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RWE Aktiengesellschaft Altenessener Straße 35 45141 Essen, Germany http://www.rwe.com
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RWE Aktiengesellschaft

RWE sells share in KEVAG

Sale of complete shareholding / Buyers are regional energy utilities and the City of Koblenz

(PresseBox) (Essen, )
RWE today sold its 57.5 percent share in Koblenzer Elektrizitätswerk und Verkehrs- Aktiengesellschaft (KEVAG) to EKO2 GmbH. In addition to the City of Koblenz and Stadtwerke Koblenz GmbH, Thüga AG as well as energy investment company Mittelrhein GmbH, a wholly owned subsidiary of Energieversorgung Mittelrhein GmbH, are parties to the sale. The sale price is approx. € 220 million.

In 2011, RWE announced that sales of shareholdings in regional utilities were part of the comprehensive package of measures designed to strengthen the Group's capital base and expand its financial leeway for future growth. "After the sale of shareholdings in Berlinwasser and the VSE in Saarbrücken, the divestment of the KEVAG shareholding is a further step in implementing this package of measures", explains RWE Board member Dr. Rolf Martin Schmitz.
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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.