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RWE may not make offer for Enea due to price

Source: Reuters - Wed 14th Oct 2009

German utility RWE may not make a binding offer for Polish peer Enea as it considers the price too high, a person from RWE with knowledge of the matter said on Wednesday.

The comments came after Enea said on Wednesday that France's GDF Suez had asked to take a look at the books of Enea, Poland's only listed utility.

RWE right now is the sole bidder interested in acquiring a 67 percent Enea stake put up for sale by the Polish government and had been expected to file a final bid on Thursday.

The person declined to be identified.

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