RWE Energy has signed an agreement with Hamburg-based ExxonMobil Central Europe Holding GmbH to acquire ExxonMobil's local and district heating business in Germany. This also comprises a 100% stake in Favorit Unternehmens-Verwaltungs-GmbH (Favorit), which has up until now been held by ESSO Germany GmbH. Approval by the Federal Cartel Office is still pending. The sale does not affect ExxonMobil's other business areas in Germany.
Favorit operates ExxonMobil's local and district heating business in Germany. With its over 120 employees, Favorit generated total revenues of €80 million in 2007 and supplied 70,000 customers with 1,000 GWh of heat. The business focuses
Favorit operates ExxonMobil's local and district heating business in Germany. With its over 120 employees, Favorit generated total revenues of €80 million in 2007 and supplied 70,000 customers with 1,000 GWh of heat. The business focuses
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