Utility RWE AG (RWE.XE) will have prepared the planned sale of its German natural gas transmission grid by the end of 2009, Chief Financial Officer Rolf Pohlig told reporters in a conference call Thursday.

Pohlig said RWE is in the process of reorganizing the gas grid operator into a fully independent company. Once that has been achieved, the sale of the gas grid, which RWE has committed to in a deal with the European Commission to settle an antitrust dispute last year, can commence, he added.

Pohlig also said the RWE has been approached by several potential bidders, but he declined to further elaborate.

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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