RWE To Raise €2.5B Via Share Sale

RWE is planning to raise €2.5 billion.

RWE is planning to raise €2.5 billion, The Wall Street Journal reports. The German utility will issue new shares as well as sell Treasury shares. The company has also slashed its 2011 profit outlook. RWE is also looking to reduce investment, increase savings and extend its divestment program.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Reuters.

Rwe