0854 GMT - If RWE sold its 25.1% stake in Amprion for 2 billion euros it would ease its strained balance sheet, Baader Helvea analyst Pierre-Alexandre Ramondenc writes in a note. The stake is currently more valuable as an asset than as a source of liquidity to fund the German energy company's ambitious investment plans, he says. It provides only limited cash returns through dividends, he says. RWE recently announced a 1.5-billion euros share buyback program following pressure from activist investors, and postponed 2 billion euros of planned capex from 2025-26. This stretches its cash position while delays projects that could contribute to earnings, Ramondenc says. Shares are up 0.2% at 30.80 euros. (christian.moess@wsj.com)
(END) Dow Jones Newswires
December 06, 2024 03:56 ET (08:56 GMT)
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