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RWE: Commitments Made To EU In Essent Deal Are On German Market

FRANKFURT -(Dow Jones)- German utility RWE AG (RWE.XE) Thursday said it has offered commitments to the European Commission regarding the planned acquisition of Dutch competitor Essent NV, saying the proposed remedies are related to competition issues on the German electricity market. "We've made proposals regarding the German [energy] market," a spokeswoman for RWE said. She added that RWE wasn't surprised that the European Union's top antitrust authority extended the probe of the planned Essent takeover by 10 days earlier Thursday. "We've always considered the original deadline as rather optimistic and instead expected a decision toward the end of June," the spokeswoman said. The commission earlier Thursday extended its antitrust probe into RWE's plan to acquire Essent for EUR9.3 billion, including EUR1.1 billion in debt, due to certain commitments offered by RWE. Company Web site: www.rwe.com -By Jan Hromadko, Dow Jones Newswires; +49 69 29 725 503; jan.hromadko@dowjones.com

Stock News for Essex Property (ESS)
DateTimeHeadline
05/20/201512:15:10What Is the S&P 500 Index?
04/27/201503:22:32Essex Property Trust Upgraded at Jefferies Group (ESS)
04/24/201517:19:24Essex Property Trust Receives "Overweight" Rating from Morgan...
04/20/201513:26:24Barclays Cuts Essex Property Trust Price Target to $222.00 (ESS)
04/09/201510:30:43Home Properties and Mid-America are Janney's two apartment picks
07/01/201416:22:11Essex Announces Release and Conference Call Dates for Its 2014...
06/11/201416:01:00Essex Announces Its 20th Consecutive Annual Dividend Increase

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