Bloomberg News

Ver.di Welcomes RWE’s Sale of Stake in Saarland’s VSE Utility

February 22, 2012

Feb. 22 (Bloomberg) -- Germany’s Ver.di labor union welcomed a plan by RWE AG to sell part of its stake in Saarland utility VSE AG to municipalities in the region.

Ver.di assumes that its demands, including keeping jobs in Saarland and safeguarding VSE’s independence, will be met by the agreement to sell 19 percent of the company to municipalities, it said in an e-mailed statement today.

--Editors: Alan Purkiss, Chris Peterson

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net


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