RWE heralds impairment of EUR 4.3 billion
If shareholders in major German utility RWE believed that the company was now headed towards a brighter future after several years of crisis, they are set to be disappointed.
Just as Germany's RWE started to believe in real improvement, the company had to acknowledge that 2016 was not the year, in which several years of deficits and crisis would end. Wednesday morning (CET), the company warned in a trade update that it will make an impairment of EUR 4.3 billion in the 2016 annual report, which will be presented on March 14.
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