FRANKFURT, Aug 13 (Reuters) - RWE's finance chief
on Thursday evaded questions on whether the group was a takeover
target in the global race for renewable capacity, only saying
the value of project pipelines had risen.
Goldman Sachs analyst Alberto Gandolfi, in a call
discussing first-half results, noted that with companies such as
BP moving into the renewables space RWE "would be like a
plug and play" and asked what the group could do to fend off M&A
moves.
With a market value of 20.6 billion euros ($24.4 billion),
RWE is Europe's third-largest renewables players, behind Italy's
Enel and Spain's Iberdrola.
"On the question whether we could become a target or not I
think your company is well positioned to help the oil companies
figuring that out and we sit and wait what happens," RWE CFO
Markus Krebber said, referring to Goldman Sachs' leading
position in M&A advisory.
"That's not in our control."
($1 = 0.8447 euros)
(Reporting by Christoph Steitz
Editing by Caroline Copley)