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Breakingviews: RWE needs oil exit plan B

Thursday, November 13, 2014 - 03:44

As the German utility’s planned sale of oil and gas unit DEA to a Russian billionaire runs into British opposition, Breakingviews says it’s time to start looking for alternatives.

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Audibly Reid needs any plan pricing its oil business that's the aborigines say come to Germany so it's Yasser revealed that profits down 31% this morning showed off shore back. Has written piece and John's in the studio yeah. It's the sanctions of course that are creation the issue and it seems to be of this that I would totally rabbit that DE mail oil and gas business. Sale does the UK that's one of the main sticking points. Yes some good good do you have to say to this Russian heard group wolf wolf for Endesa slipped by Barbara in them Michael Friedman has compute already by the German government. And by the EU commission. But of artificial awful. Revenues. All of our assets. In the North Sea young are kind of British. And that's what the billion Euro this drive fourteen countries to sign final fondness yes and they also have. Huge operation to him and also for car and like Egypt and and nuclear arsenal. So what's the plan debate what should it. Addicted to date they are really innovative types fought to cost her coughing all PS says it's probably Wu reduce the attractiveness of off the host fair. Because. The political uncertainty in in these North African operation there's. Is because. The biggest appended tastes 44 DR apparently picks a very 002 and also African operations in the world. When we're rational for us. So. They they'd fall at least at the moment you have to try to stick it out convince the British government to. 222 whose room rubble Samberg that I understood their own. They're probably would have to find a new by now yeah. And they need to do that pretty critique is this is all about Jason and debt yes my mind off of I potential bidders are wrong that they were offering a signal processing for a stronger and given that it ought to be reduced fruits and attacked what it would be difficult to get to keep the pressure approach from the. And how how calm patient to invest is being because let's face it are we look at the numbers today. RW the eight utilities supposedly defensive. But of course and all at company. Whose businesses mainly domestic in Europe and is being hard hit. I am I mean actually that's ever dish of prefectural shepherds are showing her habit. Well not misleading but they've they've really dropped significantly in 2000 reference tools holes and so our team solid and address your sidewalk movement of trauma from the very low level. And good ought to view you as a young Israeli hit by this German energy transition to decision to to ground phase out nuclear pause and and increase for new routes to thank everybody conceded to and so men and did this and plundered political changes have have really defend your debt that they can investment into into Paul Kong and so they analysis that you honorable in the pilot that Clinton Varian. Hero some women deal and its prospectus. Significant and all so that's the way shape and it's really hasn't picked. It's a big deal about but I get my my point as well as the you know it's if you business in Europe hasn't. As a European company isn't export warranted Reiner you know benefiting from the weak currency. There at that time another issue coming file W. Okay very gets out or left many thanks Heidi garrido recipes of course on the breaking news site the US shares at 1230 east and seventeen says he. GMC. I'm axle truffle this is Royces.

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Breakingviews: RWE needs oil exit plan B

Thursday, November 13, 2014 - 03:44