Essent:RWE To Buy Plant Stock In '10 At Earliest If Court Approves
September 03 2009 - 6:59AM
Dow Jones News
German utility RWE AG (RWE.XE) will buy Dutch peer Essent NV's
50% stake in a nuclear power plant in 2010 at the earliest,
provided the court of appeal clears the way, Essent said
Thursday.
RWE plans to acquire Essent's production and supply operations
in a deal valued at EUR9.3 billion, including EUR1.1 billion of
debt. The deal also includes the 50% stake in EPZ, a 512-megawatt
nuclear reactor in Borsele, the Netherlands.
Earlier Thursday, a spokeswoman for RWE said the company has
agreed to exclude the stake Essent holds in the plant, due to a
provisional court injunction by a Dutch court that has prevented
the closing of the deal.
It will, however, acquire Essent's production and supply
operations in the third quarter of the year.
-By Maarten van Tartwijk, Dow Jones Newswires; +31-20-5715-200;
maarten.vantartwijk@dowjones.com
Essex Property (NYSE:ESS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Essex Property (NYSE:ESS)
Historical Stock Chart
From Apr 2023 to Apr 2024