QIA completed the acquisition of a 9% stake in RWE for $2.38bn.

QIA, a sovereign wealth fund of the State of Qatar, completed the acquisition of a 9% stake in RWE, an energy company, for $2.38bn. “I am delighted that QIA is supporting RWE’s accelerated growth ambitions through this investment. This further demonstrates our commitment to be one of the world’s leading drivers of the global energy transition. QIA‘s long-term capital commitment enables RWE to finance the acquisition of Con Edison Clean Energy Businesses and hence will drive our additional green growth in the years to come," Markus Krebber, RWE CEO.