鈥淪ome municipal shareholders in Germany's RWE won't take part in innogy listing鈥�
Reuters
Several municipal shareholders of utility RWE 鈥� among them Dortmund and Essen 鈥� will not invest in the company鈥檚 renewable subsidiary innogy at the time of its initial public offering (IPO), according to news agency Reuters. 鈥淎s a provider of jobs in the region, local municipalities, which hold about 24 percent of [RWE], have an interest in its survival, making a decision to sell RWE shares to buy innogy stock difficult,鈥� writes Reuters. The municipalities did not rule out investing later on.
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Also read the 威力彩玩法 factsheet RWE鈥檚 plans for new renewable subsidiary for background.
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