“As a result of this restructuring, we will increase our capacity to invest in the energy world of tomorrow and, in turn, secure the viability of RWE as a whole,” says Manfred Schneider, chairman of the supervisory board.
RWE intends to offer about 10% of the new company's share capital to the public in connection with a capital increase.
Revenues from the sale of the new shares will be available for fresh investments, the company said, which is crucial if it wants to step up spending into renewables and at the same time have sufficient funds for the decommissioning of its nuclear assets.
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