Energy
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RWE Completes Oil, Gas Sale

RWE Completes Oil, Gas Sale RWE Completes Oil, Gas Sale

German energy company RWE says it has completed the $5.7 billion sale of its oil and gas exploration and production division to a Russian-linked investment company, AP reported. RWE AG announced the planned sale of its Dea unit to LetterOne Group, an international investment arm of Russian billionaire Mikhail Fridman's Alfa Group, last March - just as tensions between Russia and the West over Ukraine mounted.

 

Financialtribune.com