RWE

JP Morgan has confirmed its rating for RWE at "Overweight." Analyst Alejandra Botbol assessed wind speeds and power generation by country and technology and weighted them by installed capacity. In the third quarter, wind speeds on the Iberian Peninsula were below average; in other parts of Europe they remained largely unchanged. RWE shares rose intraday by 1.7 percent to EUR 58.90; year-to-date the gain is 32.7 percent. » Mere på finanzen.net

According to reports, RWE and private equity firm KKR have jointly submitted a non-binding offer for the partially privatized gas company Uniper. The federal government must reduce its majority stake in Uniper by the end of 2028, with a state holding of 25 percent plus one share set to remain. The works council and employee representatives warn against a break-up and instead call for an IPO; antitrust reviews and conditions would likely apply in the event of a merger with RWE. Other presumed bidders include consortia around Brookfield/CPPIB, EP Group and Equinor, which are reportedly considering bids for the entire stake being sold. » Mere på faz.net

According to reports, RWE has submitted a non-binding bid for state-owned gas trader Uniper together with private equity firm KKR, even though CEO Markus Krebber had signaled disinterest in August. Other interested parties include Equinor and a consortium of Brookfield and CPPIB; RWE shares fell by about one percent. The federal government is weighing a sale and an IPO, while the Uniper works council opposes a sale over fears of a breakup. The EU requires the state to reduce its stake to at most 25 percent by the end of 2028. » Mere på manager-magazin.de