RWE looks to Arab investment

    RWE is in talks with an Arab investor as it seeks a boost in capital.

    A spokesperson for the German utility said several possible forms of cooperation are on the table.

    “We are exploring several options for a cooperation,” the spokeswoman said, adding nothing could be ruled out in terms of potential outcomes.
    Peter Terium
    The spokeswoman said that RWE had been approached by the investor a few months ago.

    Abu Dhabi’s Sheikh Mansour bin Zayed Al Nahyan is among investors who may participate in the investment, which would be valued at about 1.5 billion euros ($1.6 billion) based on RWE’s market price, the people said.

    RWE shares closed up 3.7 percent at 24.535 euros, valuing the group at 14.13 billion euros ($15.1 billion).

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