RWE investor mulls selling company shares as “big plant operators’ time is over”
Welt Online
The regional municipality association Landschaftsverband Westfalen-Lippe (LWL) mulls selling its shares in German energy company RWE as “grave changes on the energy market” mean that “the time of big plant operators is over,” Welt Online reports. LWL director Matthias Löb said having a share in RWE no longer meant that municipalities have any influence over the company’s activities, which is why he pondered selling its one percent share worth 147 million euros. The mayor of Dortmund, Ullrich Sierau, criticised Löb for his ideas as a share in RWE allowed municipalities “to actively shape the energy transition’s course.”
Read the article in German here.
Read the CLEW dossier Utilities and the energy transition for more information.
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