RWE AG late Tuesday said its new shares were issued at a price of 32.55 euros ($38.83) after announcing its plan to raise around EUR2 billion with a capital increase through the offering of roughly 61.5 million new shares to institutional investors.
Trading is expected to begin Friday on the Frankfurt and Duesseldorf stock exchanges, the German energy company added.
RWE had previously said it expects the net proceeds from its capital increase to be invested in growth opportunities in renewable energy.
Write to Cecilia Butini at cecilia.butini@wsj.com
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RWE prices capital increase at EUR32.55 a share - MarketWatch
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