RWE CFO Says Co Still Wants To Fully Divest American Water
April 22 2009 - 8:41AM
Dow Jones News
Utility RWE AG (RWE.XE) still wants to fully divest its U.S.
water unit American Water Works Co. (AWK), Chief Financial Officer
Rolf Pohlig told shareholders at the company's annual general
meeting Wednesday.
Pohlig didn't say when a complete divestment of American Water
will likely be concluded. He did, however, say that RWE in 2009
plans to sell as many shares as necessary that will allow the
deconsolidation of the business.
Company Web site: www.rwe.com
-By Jan Hromadko, Dow Jones Newswires; +49 69 29 725 503;
jan.hromadko@dowjones.com