German utility RWE AG (RWE.XE) still intends to sell its entire remaining stake in U.S.-based water utility American Water Works Co. (AWK), Chief Financial Officer Rolf Pohlig said according to the text of a speech made Thursday.

Over the last two year, RWE has decreased its stake in American Water to 23.5%, allowing the company to deconsolidate the business.

Pohlig didn't provide a timeframe for the further sale of American Water shares.

Company Web site: www.rwe.com

-By Jan Hromadko, Dow Jones Newswires; +49 69 29 725 503; jan.hromadko@dowjones.com
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