--German utility RWE could consider selling the 16.7% stake in E.ON it will hold after an asset swap between the two companies, Reuters reported late Wednesday, citing RWE's CFO Markus Krebber.

--Gains from a sale, which analysts value at up to $4 billion, would be invested in businesses focused on renewables, remaining fossil fuels and energy trading.

--The company said it will disclose a new strategy once the deal with E.ON is completed.

Full story: https://reut.rs/2kxEE1t

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(END) Dow Jones Newswires

September 12, 2019 06:44 ET (10:44 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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