HANDELSBLATT EXCLUSIVE

RWE's Municipal Shareholders Concede on Dividends

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Germany’s second-largest utility RWE won’t pay a dividend for the second year in a row. And while its municipal shareholders, who control some 24 percent of the company, initially put up a fight, they have now conceded, Handelsblatt has learned.

“Management’s suggestion to suspend the dividend payment for ordinary shareholders yet again has been accepted by the supervisory board – and in fact unanimously,” the head of the company’s control committee, Werner Brandt, told Handelsblatt in an interview.

“The representatives of the municipal shareholders also agreed,” Mr. Brandt said.

 

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