German energy producer RWE (RWEOY.PK) dives 9% in Frankfurt after announcing plans to raise...

|About: RWE AG ADR (RWEOY)|By:, SA News Editor

German energy producer RWE (RWEOY.PK) dives 9% in Frankfurt after announcing plans to raise €2.1B in capital through a share sale as it copes with phasing out nuclear power production. "Talks about a looming rating downgrade and the capital increase are over now and the stock has a great chance to perform very well," says an analyst.