Germany's RWE Sells E&P Unit to LetterOne for 5 Billion Euros

ISTANBUL--January 20, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--RWE AG (RWB:RWE) (Essen, Germany), Germany's second-largest energy utility firm, has announced the sale of oil and gas exploration and production (E&P) unit RWE DEA to LetterOne Group (L1) (Luxembourg, Luxembourg) for an enterprise value of 5 billion euros ($5.77 billion).

Within this article: Details on the agreement.