-- Elliott Investment Management has built up a stake in German power-utility RWE and is calling on its management to consider a share buyback, Bloomberg reports, citing unnamed sources.

-- The fund amassed a stake in recent months and has spoken to top RWE executives about its demands, Bloomberg reports.

-- An Elliott spokesperson told Bloomberg it "hasn't engaged with anyone at RWE in relation to an investment in the company, and has shared no views with RWE regarding buybacks or any other demands."


Full story: https://tinyurl.com/5n7n5cn2


Write to Christian Moess Laursen at christian.moess@wsj.com


(END) Dow Jones Newswires

11-07-24 0951ET