RWE to sell oil and gas unit for €5.1bn

German utility RWE said it intends to sell its oil and gas production arm for €5.1 billion (£4.3bn). Russian billionaire Mikhail Fridman’s energy investment vehicle, L1 Energy – which was founded last year – is to buy the Dea unit, gaining assets in the UK, Germany and the North Sea. Dea operates in 14 countries […]