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On January 12, 2009, RWE and the Dutch energy company Essent agreed on the conditions for RWE to submit a binding all-cash offer to the shareholders of Essent for the acquisition of all shares in the company. As soon as Essent’s General Works Council submits its statement, the purchase offer can be signed, subject to the condition that at least 80 % of the outstanding share capital of Essent is tendered. The transaction is valued at €9.3 billion.
In January 2009, RWE and E.ON formed a joint venture to develop, build and operate nuclear power plants in the United Kingdom. To achieve this goal, the joint venture will aim to purchase three sites being sold by the UK’s nuclear decommissioning authority. Our goal is to build at least 6 GW in nuclear generation capacity in the UK together with E.ON.
More information on events after the balance-sheet date is presented in the review of operations.
