KEVAGKoblenzer Elektrizitätswerk und Verkehrs-Aktiengesellschaft (Koblenz, Germany)
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21 December 2012 - German power and gas utility RWE AG (ETR:RWE) said on Friday it had disposed of its 57.5% shareholding in regional utility Koblenzer Elektrizitaetswerk und Verkehrs-Aktiengesellschaft (KEVAG) in a deal worth some EUR220m (USD291m).
In its statement reporting a 45% fall in 2011 net profit, RWE said it could offload its oil and gas exploration business DEA, Czech NET4GAS, Berlinwasser, as well as its majority interests in German utilities Kevag and Suewag.