The German group RWE has announced the sale of its 56.1% stake in the national leader BTP, namely HOCHTIEF. Some 32 million shares, i.e. 45.3% of the share capital, will be proposed to European and American institutional investors at a unitary price of between EUR 696 and 736 million. In parallel, RWE will issue a loan convertible in HOCHTIEF shares for EUR 250 million at most.