RWE To Raise $3.6B In Share Sale

Germany’s RWE is seeking to raise $3.6 billion from a sale of shares.

Germany’s RWE is seeking to raise $3.6 billion from a sale of shares, Bloomberg reports. The energy and disposal firm will work along with Deutsche Bank to sell stock to reduce debt. The transaction will include the sale of treasury shares. RWE had accumulated debt following the acquisition of a Dutch competitor in 2009. The company held 5% of its 562.4 million shares at the end of last year.

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