鈥淩WE expects 鈥榞enerous鈥� dividend鈥�
Reuters
innogy's CEO Peter Terium expects the renewables spin-off to pay a 鈥済enerous dividend鈥� to its parent company RWE this year, news agency Reuters reports. "Generous means dividend multiplied by the number of shares. RWE has a lot of shares so what they will get is going to be generous overall," Terium said. This could help RWE put up the roughly 7 billion euros it must find to finance radioactive waste storage, Reuters says. RWE still owns 76.8 percent of innogy鈥檚 shares following the split in 2016. Speaking at Germany鈥檚 largest energy trade fair, in Essen, Terium said he did not believe RWE would need to sell innogy shares to make the payment. Innogy will publish its 2016 results on ; RWE on .
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