December 20, 2016 / 6:08 AM / 7 months ago

BRIEF-BKW AG sells its stake in Groupe E

1 Min Read

Dec 20 (Reuters) - BKW AG :

* Sells its stake in Groupe E

* Following a strategic review of its participations, is selling its 10 percent stake in Groupe E Ltd.

* Planned transaction will also include sale of BKW stake in Gommerkraftwerke (GKW) to Groupe E

* Two parties agreed yesterday on terms of transaction

* Groupe E and various institutional investors will buy shares, while Groupe E will retain its 10 percent stake in BKW for which BKW now holds a pre-emptive right Source text - bit.ly/2hljInl Further company coverage: (Gdynia Newsroom)

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