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RWE completes Amprion sale

RWE AG has completed the sale of a 74.9 percent share in transmission systems operator Amprion announced in July.

The buyer is a consortium of mainly German institutional financial investors consisting of insurance companies and special pension funds and managed by Commerz Real AG, a subsidiary of Commerzbank AG.

Members of the consortium are companies belonging to Munich Re and ERGO, represented by MEAG, Swiss Life and Talanx as well as the Westfalen-Lippe and Brandenburg doctors’ pension funds.

RWE retains a 25.1 per cent shareholding in Amprion and will also continue to hold an indirect share calculated at 10.8 per cent via the consortium.

Commerz Real AG will also retain the equivalent of a 13 per cent shareholding in Amprion for an initial period. These shares, to be held only temporarily by RWE and Commerz Real, will be marketed in the short term by Commerz Real AG to further investors.

RWE AG’s supervisory board and the European Commission have approved the transaction. The sale of Amprion is a major step in the divestment programme announced by RWE.

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