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| Name | Symbol | Market | Type |
|---|---|---|---|
| Rwe Ag (PK) | USOTC:RWEOY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.51 | -1.33% | 37.78 | 37.46 | 38.08 | 37.90 | 37.62 | 37.62 | 31,047 | 21:14:52 |
From Nov 2023 to May 2024
By Pierre Bertrand
The European Commission has approved Germany's plan to compensate RWE for phasing-out its lignite-fired power plants in Germany.
The executive arm of the European Union said Monday that Germany's 2.6 billion euros ($2.80 billion) in aid to RWE was in-line with EU state aid rules.
The funds relate to the early closure of RWE's lignite-fired power plant installations in the Rhineland, the commission's statement said, adding that its decision follows an in-depth investigation.
The decision, however, doesn't include Germany's other EUR1.75 billion in planned aid for Lausitz Energie Kraftwerke to support the closure of its lignite-fired power installations in Lausitz, the commission said.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
December 11, 2023 06:37 ET (11:37 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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