BlackRock to invest $1bn in RWE's Innogy at IPO

The new Innogy brand marks a new start for RWE's renewables operation
US investment firm BlackRock has placed a €940m ($1.05bn) binding order for shares under the planned IPO of Innogy, the renewables and grids unit of Germany's RWE that is valued at €17.8-€20bn ahead of the listing.

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