Engie S A : RWE in no rush to sell down Innogy stake - CFO

ESSEN, Germany (Reuters) - RWE (>> RWE AG) is under no pressure to lower its stake in its networks, renewables and retail unit Innogy (>> Innogy SE), its chief financial officer told analysts on Tuesday following comments suggesting the company was weighing such a move.

ESSEN, Germany (Reuters) - RWE (>> RWE AG) is under no pressure to lower its stake in its networks, renewables and retail unit Innogy (>> Innogy SE), its chief financial officer told analysts on Tuesday following comments suggesting the company was weighing such a move.

"We are happy with the current situation," Markus Krebber said, referring to RWE's 76.8 percent stake in Innogy, which was listed last year.

"We are not in a rush (to sell)," he added.

RWE is considering options including tie-ups with rivals and the sale of a stake in its Innogy business, Chief Executive Rolf Martin Schmitz said earlier on Tuesday, raising the prospect for large M&A deals in the crisis-hit sector.

(Reporting by Christoph Steitz and Vera Eckert; Editing by Arno Schuetze)

Stocks treated in this article : Engie S.A., RWE AG, Innogy SE