RWE Said to Work With Deutsche Bank on $3.6 Billion Share Sale
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RWE AG, Germany’s second-largest utility, will work with Deutsche Bank AG on a planned 2.5 billion-euro ($3.6 billion) share sale to cut debt, according to two people with knowledge of the matter.
Stock market performance may need to improve before the company goes ahead with the sale, said one of the people, who declined to be identified because the talks are private. The utility, based in the western German city of Essen, said Aug. 9 its preference to sell the shares in 2011 “is not a must.”