RWE: Essent Deal Advance Financing Costs In 1st Half Around EUR50 Million

Date : 08/13/2009 @ 5:51AM
Source : Dow Jones News
Stock : Essex Property Trust, Inc. (ESS)
Quote : 264.65  1.16 (0.44%) @ 10:24AM

RWE: Essent Deal Advance Financing Costs In 1st Half Around EUR50 Million

Essex Property (NYSE:ESS)
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German utility RWE AG (RWE.XE) booked advance financing costs for the planned takeover of Dutch peer Essent NV of around EUR50 million in the first half of 2009, Chief Financial Officer Rolf Pohlig.

In a conference call, Pohlig said overall advance financing costs of the deal are expected to amount around EUR100 million.

Company Web site: www.rwe.com

-By Jan Hromadko, Dow Jones Newswires; +49 69 29 725 503; jan.hromadko@dowjones.com

 
 

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