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RWE CEO says regulation, market need to worsen for spin-off

Reuters - UK Focus

FRANKFURT, Aug 13 (Reuters) - Tougher regulation and deteriorating market conditions are the main factors that could influence RWE (Xetra: 703712 - news) in deciding in favour of spinning off its ailing power generation unit, Chief Executive Peter Terium told analysts during a call.

Terium has so far decided not to split up the group, as larger peer E.ON has done, but a legal restructuring this week kept RWE's generation business as a separate unit, a move he said was aimed at keeping open the option of a break-up. (Reporting by Christoph Steitz; Editing by Jonathan Gould)