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The sale will leave RWE with 16.6 million shares or 18.5% of the 89.8 million shares of common stock outstanding.
Late last month RWE closed on a previously announced sale of 14.1 million shares of Consol Energy common stock, reducing its initial majority interest from 73.6% to 48.9%.
At the same time Consol closed on a previously announced sale of 11.0 million primary shares of its common stock, increasing the total shares of common stock outstanding to 89.8 million.
In May this year RWE announced it was considering the disposal of all or part of its interest in Consol. This follows RWE’s decision to concentrate its energy related activities in Europe.
