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Essent:RWE To Buy Plant Stock In '10 At Earliest If Court Approves

AMSTERDAM -(Dow Jones)- 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

Stock News for Essex Property (ESS)
DateTimeHeadline
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
05/29/201416:48:56Essex Property Trust to Present at 2014 NAREIT Investor Forum
05/07/201416:21:01Essex Announces First Quarter 2014 Results
05/06/201409:00:00Essex Property Trust Announces Conversion of 4.875% Series G...

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