Genel, the oil investment vehicle headed by Tony Hayward, the former chief executive of BP, has been unloved by the stock market.
Showing posts with label Goldman Sachs. Show all posts
Showing posts with label Goldman Sachs. Show all posts
Monday, August 13, 2012
Monday, July 4, 2011
RWE sale of npower 'threat to energy industry investment'
Britain's desire to boost investment and competition in the energy sector will be threatened if German utility group RWE presses ahead with a £5bn sale of npower, MPs have warned.
Goldman Sachs is understood to have been hired by RWE to conduct a strategic review of npower, one of the UK's "big six" energy firms.
This has been prompted by RWE's net debts of €27bn (£24bn) and concerns about the Coalition's energy policy, which threatens to diminish profit margins and require billions of pounds of investment in next-generation power stations.
Goldman Sachs is understood to have been hired by RWE to conduct a strategic review of npower, one of the UK's "big six" energy firms.
This has been prompted by RWE's net debts of €27bn (£24bn) and concerns about the Coalition's energy policy, which threatens to diminish profit margins and require billions of pounds of investment in next-generation power stations.
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