Britain is ready to force the sale of Russian oligarch Mikhail Fridman's recently acquired North Sea energy assets unless it receives unspecified assurances within the next week, Prime Minister David Cameron's spokesman said on Thursday.
German utility RWE (RWEG.DE) on Monday closed the sale of its oil and gas production unit DEA [RWEDE.UL] to Russian billionaire Mikhail Fridman, ending months of uncertainty over whether the 5.1 billion euro ($5.7 billion) deal would go ahead.
German utility RWE (RWEG.DE) said on Friday that completion of the sale of its oil and gas unit DEA [RWEDE.UL] to Russian tycoon Mikhail Fridman was imminent, following a media report that it would be concluded on Monday.
RWE is exploring the sale of power plants, its chief operating officer told Reuters on Tuesday, frustrated with profit erosion and lack of political support for its struggling generation units.
German utility RWE will complete the sale of oil and gas unit DEA [RWEDE.UL] to Russian tycoon Mikhail Fridman by early March, it said on Friday, easing fears of a potential collapse.
The owners of Urenco are testing the market to gauge investor interest in the uranium enrichment company, said Uwe Beckmeyer, parliamentary state secretary in the German economy and energy ministry.
Germany's economy ministry will approve the sale of utility RWE's (RWEG.DE) oil and gas unit DEA to a Russian investor despite tensions between Russia and the West over the Ukraine crisis, two people familiar with the matter said.
In a bid to cut overall costs, RWE had laid out plans to sell off assets to financial investors as well as cut down on its employee headcount.
RWE and Qatar are currently holding talks about possible purchase of RWE's DEA oil and gas exploration and production unit.
bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies.
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