FRANKFURT (dpa-AFX) - RWE jumped significantly on Wednesday in the wake of a report that the activist investor Elliott has taken a stake in the company. On Tradegate, they recently gained 4.3 percent compared to the Xetra close. As the Bloomberg news agency reported, citing people familiar with the matter, Elliott has built up a substantial stake in the German utility. Elliott is also demanding a share buyback program from RWE management.

RWE shares fell to their lowest level in four and a half years in Xetra trading on Wednesday after Donald Trump's victory in the US presidential election sparked concerns about the future of US subsidies for renewable energy./ajx/jha/