Con Edison Clean Energy Businesses News
QIA Invests EUR 2.43 Billion To Accelerate RWE’s Growing Green Strategy
QIA (Qatar Investment Authority), the sovereign wealth fund of the State of Qatar, has agreed to invest EUR 2,427.6 million in RWE AG (RWE) to support RWE’s accelerated ‘Growing Green’ strategy. RWE will issue a mandatory convertible bond to a subsidiary of QIA. The bond will be converted into new ordinary bearer shares expected to represent just under 10% of RWE’s existing share capital (and approximately 9.09% of the enlarged share capital post-conversion). glob...