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ESS Essex Property Trust Inc

250.31
0.00 (0.00%)
Pre Market
Last Updated: 12:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Essex Property Trust Inc NYSE:ESS NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 250.31 2 12:00:00

EU Clears Germany's RWE To Buy Dutch Essent, With Conditions

23/06/2009 5:45pm

Dow Jones News


Essex Property (NYSE:ESS)
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The European Commission Tuesday cleared German utility RWE AG (RWE.XE) to take over Dutch energy company Essent NV, on the condition that Essent sells its 51% stake in German utility Stadtwerke Bremen AG.

RWE will buy Essent's production and supply operations in a deal valued at EUR9.3 billion, including EUR1.1 billion in debt. Essent's electricity and gas distribution networks and waste management operations are excluded from the deal.

-By Carolyn Henson and Maarten Van Tartwijk, Dow Jones Newswires; +32 2 741 1 480; carolyn.henson@dowjones.com)

 
 

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