RWE Plans €1.5 Billion Buyback as US Risks Cloud Investments
- Repurchases to start this year and be completed in 18 months
- Plan to invest €55b on green tech by 2030 may face delays: CFO
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German energy company RWE AG has decided to buy back as much as €1.5 billion ($1.6 billion) of shares as political risks in the US have complicated its investment plans.
The repurchases will start this year and be completed within 18 months, RWE said late Tuesday in a statement. The company’s plan to spend €55 billion on green technologies globally by 2030 may face delays as a result of reduced investments in 2025 and 2026, Chief Financial Officer Michael Müller told reporters.