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RWE Aktiengesellschaft (RWE.DE)
- Simply Wall St.
Is RWE Aktiengesellschaft's (ETR:RWE) Latest Stock Performance Being Led By Its Strong Fundamentals?
RWE's (ETR:RWE) stock up by 8.7% over the past three months. Since the market usually pay for a company’s long-term...
- Reuters
RWE and Masdar to co-develop giant British offshore wind project
DUBAI/LONDON (Reuters) -Germany's RWE has signed an agreement with the UAE’s clean energy developer, known as Masdar, to develop a 3 gigawatt (GW) wind project off the coast of Britain, capable of powering around 3 million homes, the companies said on Friday. The announcement came after British Prime Minister Rishi Sunak said at the COP climate conference in Dubai earlier on Friday that the two companies had committed to invest up to 11 billion pounds ($13.9 billion) in the project. Britain, which is already the world’s second largest offshore wind market after China, is seeking to ramp up its capacity to 50 gigawatts (GW) by 2030 from around 14 GW now, to help meet its climate targets and boost energy security.
- Reuters SG
Deals of the day-Mergers and acquisitions
** Online luxury retailer Farfetch's founder José Neves is looking to take the company private after a troubled New York Stock Exchange listing, the Telegraph reported on Tuesday. ** RWE is open to talks about a potential divestment of its 25.1% stake in high-voltage transmission grid operator Amprion, its finance chief said on Tuesday, adding there was no need to take action as the group was satisfied with its investment. ** Hospital and pharmacy operator Aster DM Healthcare said it would sell its stake in its Gulf business to Alpha GCC Holdings for $1.01 billion as it looks to separate its businesses in India and the Middle East.
