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Tuesday, June 17, 2014
The deal between RWE and a group of Russian investors may not go through as Germany’s Economy Ministry is investigating into whether to block the deal under a clause in the foreign trade law. The clause has never been used, but it could be blocked if there are concrete signs it threatens “public safety and order.”
“An investigation has been started. It is an open-ended investigation (to find out) whether there are conditions for prohibiting the deal under the foreign trade accord,” a spokeswoman for the Economy Ministry told Reuters.
“We have been informed about the investigation and are awaiting its result,” a spokeswoman from RWE told Reuters, adding the company still expected to finalize the $6.9 billion deal this year.
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