US activist investor Elliott Management has taken a 5% stake in RWE and called for a strategic overhaul to bolster shareholder returns, putting the utility’s decarbonisation and hydrogen plans under the microscope.
Elliott, which had previously led investor revolts against the likes of BP, called for RWE to significantly increase and accelerate its share buyback programme – signalling a push for greater shareholder returns.
This follows RWE’s recent decision to reduce its 2025-2030 investment plan by 25% while implementing stricter investment criteria, and raising return targets.
While the activist investor said the measures were an “important first step towards more disciplined capital allocation,” it expressed “disappointment” over the lack of clarity regarding RWE’s plans to improve returns.
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