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RWE faces growing investor criticism as renewable returns dwindle

FRANKFURT (Reuters) -RWE's investors will crank up the pressure on Germany's top power producer on Wednesday, demanding bolder moves to close a valuation gap with rivals including bigger share buybacks and even a special dividend. The German utility, also the world's second-largest developer of offshore wind farms, has been subject to growing criticism over its capital allocation strategy, most notably from activist investor Elliott. The U.S.-based investor last month disclosed a stake of close to 5%, currently valued at around 1.28 billion euros ($1.46 billion), urging the group to significantly increase a standing share buyback programme of up to 1.5 billion euros.

FRANKFURT (Reuters) -RWE's investors will crank up the pressure on Germany's top power producer on Wednesday, demanding bolder moves to close a valuation gap with rivals including bigger share buybacks and even a special dividend. The German utility, also the world's second-largest developer of offshore wind farms, has been subject to growing criticism over its capital allocation strategy, most notably from activist investor Elliott. The U.

S.-based investor last month disclosed a stake of close to 5%, currently valued at around 1.28 billion euros ($1.

46 billion), urging the group to significantly increase a standing share buyback programme of up to 1.5 billion euros..