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RWE entered into an agreement to sell RWE Dea


Published Mar 18, 2014
RWE Dea

RWE AG and LetterOne Group have agreed terms for the sale of RWE Dea AG at an enterprise value of some € 5.1 billion and on the major contractual conditions. They will clarify the further details shortly in order to enter into the sale and purchase agreement. The enterprise value includes ca. € 0.6 billion in assumed liabilities.

Peter Terium, CEO of RWE AG: “This agreement is a major milestone in delivering our announced strategic realignment of the group. In addition, it is a further and essential step towards improving our financial strength.” He welcomes LetterOne Group’s plans: “At the same time, LetterOne Group’s intention to make RWE Dea the principal conduit of the group’s investments in the oil and gas industry supports RWE Dea as a solid, German-based, oil & gas operator with even stronger international growth ambitions.”

Tags: RWE AG




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