“City of Essen considers withdrawing from RWE”
Handelsblatt
Municipal shareholders of German utility RWE are under pressure after the energy company announced it wouldn’t pay a dividend for a second consecutive year, writes Jürgen Flauger in Handelsblatt. The city of Essen, seat of RWE’s company headquarters and currently holding about three percent of RWE shares, is considering a withdrawal. “The administration has been in talks since last year on whether we should have a share in the company in the future and what this could look like,” said Essen Mayor Thomas Kufen.
Read the article (behind paywall) in German .
Also read the 淨 factsheet Small, but powerful – Germany’s municipal utilities.
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