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World Qatar becomes the largest shareholder of RWE

20:00  02 october  2022
20:00  02 october  2022 Source:   pressfrom.com

TotalEnergies invests $1.5bn in Qatar gas expansion project

  TotalEnergies invests $1.5bn in Qatar gas expansion project TotalEnergies to invest $1.5bn in Qatar’s North Field South gas project as Europe scrambles to find new energy sources.Speaking alongside TotalEnergies chief executive Patrick Pouyanne on Saturday, Qatar Energy Minister Saad Sherida al-Kaabi announced the French energy giant will have a 9.3 percent stake in the North Field South gas project, becoming the first foreign partner in that section of the vast field.

The takeover of a US solar specialist by RWE makes the state fund of the Emirate of Qatar by far the largest shareholder of the Essen energy giants. RWE announced the takeover of Con Edison Clean Energy Businesses at the weekend, a “operator and developer of solar systems leading and saved in the US market”. The group is assessed in the transaction with $ 6.8 billion (around 6.9 billion euros).

Die RWE-Zentrale an der Huyssenallee in Essen. © Fabian Strauch/dpa The RWE headquarters on the Huyssenallee in Essen.

for the takeover RWE first wants to use a bridge loan. This is to be refinanced partly by the emission of a compulsory change in mandatory bond with a total nominal amount of almost 2.5 billion euros and a term of up to one year. The artist of the paper will be Qatar Holding, a 100 % subsidiary of Qatar Investment Authority, the state fund of the Arab Emirate of Qatar. The debt bond is converted into new ownership shares of the RWE Aktiengesellschaft, which are expected to correspond to almost ten percent of the current share capital.

World of football in Qatar: the Minister of Sports requests accounts at the FFF .
© Ludovic Marin The Minister of Sports Amélie Oudéa Castéra, this Wednesday. Approach to the Football World Cup in Qatar, the "deafening silence" of the Blues does not pass. A few days ago, Amnesty International denounced in an open letter the silence of the French team "Faced with the thousands of migrant workers who died on Qataris sites, and the thousands of other submitted to forced work" . It is now the turn of the Minister of Sports, Amélie Oudéa Castéra, to react.

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