US activist Elliott takes 5% stake in RWE

The well-known activist investor Elliott Investment Management has taken a nearly 5% stake in the major German energy company RWE. Elliott is now urging RWE to buy more of its own shares in order to boost its share price. According to Elliott, RWE is undervalued on the stock market. In the Netherlands, RWE has, among other things, the coal plant in Eemshaven in Groningen.

Elliott Wants More Buybacks From Germany’s RWE After Buying 5% Stake

Elliott is demanding higher shareholder returns from another major European energy company—the activist investor wants more share repurchases from RWE after disclosing on Monday that it now holds nearly 5% of Germany’s top utility. Elliott has gained prominence in recent months by campaigning for increased returns for investors at several energy companies, including UK’s BP and U.S. refiner Phillips 66. Elliott Management is pushing for changes …

US activist Elliott takes 5% stake in RWE

Hedge fund calls for German energy group to accelerate share buybacks

Elliott Urges RWE to Boost Buybacks After Building 5% Stake

(Bloomberg) — Elliott Investment Management LP called on RWE AG to ramp up buybacks after amassing a stake of close to 5% in the German utility.

Activist investor targets RWE, casting doubt over hydrogen and clean energy plans

Elliott Management has form in this space, having previously pressured BP to improve shareholder returns amid concerns it was prioritising green investments at the expense of profitability.

After the oil giant BP, the refiner Philipps 66, the activist fund Elliott takes positions in the German electrician RWE. The latter revises its ecological objectives downwards.