“City of Essen considers withdrawing from RWE”
Municipal shareholders of German utility RWE are under pressure after the energy company announced it wouldn’t pay a dividend for a second consecutive year, writes Jürgen Flauger in Handelsblatt. The city of Essen, seat of RWE’s company headquarters and currently holding about three percent of RWE shares, is considering a withdrawal. “The administration has been in talks since last year on whether we should have a share in the company in the future and what this could look like,” said Essen Mayor Thomas Kufen.
Read the article (behind paywall) in German here.
Also read the CLEW factsheet Small, but powerful – Germany’s municipal utilities.