RWE: Essent Takeover Price Cut By EUR950 Million On Plant Carve Out
September 03 2009 - 3:28AM
Dow Jones News
German utility RWE AG (RWE.XE) Thursday said it will takeover
Dutch peer Essent NV without nuclear power plant Borssele for
now.
A spokeswoman for RWE said the company started a carve out of
the nuclear plant Borssele from the deal, which lowers the
acquisition price by EUR950 million.
In January, RWE announced its intention to acquire Essent's
production and supply operations in a deal valued at EUR9.3
billion, including EUR1.1 billion of debt.
Company Web site: www.rwe.com
-By Jan Hromadko, Dow Jones Newswires; +49 69 29725 500;
jan.hromadko@dowjones.com
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