Oldenburg, 7. March 2019. Interested parties can register their interest to participate in the process in relation to the potential sale of 26 percent of EWE’s share capital until 21 March 2019, 12:00 noon (Berlin Time).
EWE is successfully linking the energy, telecommunications and IT sectors for many years and has an excellent starting position to seize the opportunities arising from the energy transition and digitization and actively participate in shaping both developments. With the Strategy 2018, EWE formed the basis for its future as a provider of innovative solutions for the people within EWE's region. In the long run, the company will develop into a service provider that, based on its sustainable infrastructure, both from energy infrastructure and telecommunication network, will provide a comprehensive offering of electricity and heat, telecommunications, networked data and mobility services.
With more than 9,100 employees and around € 8.25 billion in sales in 2017, EWE is one of the largest utility companies in Germany. EWE, headquartered in Oldenburg supplies around 1.4 million customers with electricity, almost 1.8 million customers with natural gas and more than 850,000 with telecommunication services in northwestern Germany, in Brandenburg and on Rügen as well as internationally in parts of Poland and Turkey. Various EWE Group companies operate electricity, natural gas and telecommunications networks with a total length of more than 207,000 kilometers. In the coming years, EWE intends to invest meaningfully in a comprehensive fiber-optic expansion, thus creating the basis for the digitization of Northwest Germany.
The invitation to register interest has been published in the Financial Times on 7 March 2019. Interested parties are requested to contact Citigroup and register their interest by email by no later than 21 March 2019, 12:00 noon (Berlin Time) via email at InterestInEWE@citi.com in order to receive further information on the process.
Contact Persons Citigroup
Christian Schwab
Managing Director
Investment Banking
Citigroup Global Markets Europe AG
Stefan Lang
Director
Investment Banking
Citigroup Global Markets Europe AG
EWE announces next step in relation to the potential sale of 26 percent of its shares to a long-term investor
Interested parties are invited to register their interest
Contact
Christian Blömer
Head of Group Communication and Brand, Group Spokeperson
