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Sovereign Wealth Funds Briefing - Categorized | Market

Qatar holds initial talks with utility RWE on buying DEA

Posted on 12 July 2013

A state-owned Qatari entity has held initial talks with German utility RWE about buying its DEA oil and gas exploration and production unit, the Wall Street Journal reported on Thursday, citing two people familiar with the matter.
RWE in March said it was planning to sell DEA in a move to slash capital spending and cut its debt pile, with sources and analysts valuing the unit at about 5-8 billion euros ($6.52-$10.43 billion). RWE’s DEA unit and the Qatar Investment Authority could not be immediately reached for comment outside regular business hours………………………………………..Full Article: Source


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