RWE has not applied for KfW loan to tackle margin calls

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Published: Mar 14, 2022, 11:51 UTC

FRANKFURT (Reuters) - RWE, Germany's largest power producer, has not applied for a loan from state lender KfW to increase its liquidity headroom to tackle higher power prices, it said on Monday in an emailed response to questions.

FRANKFURT (Reuters) – RWE, Germany’s largest power producer, has not applied for a loan from state lender KfW to increase its liquidity headroom to tackle higher power prices, it said on Monday in an emailed response to questions.

A source close to the finance ministry had told Reuters on Sunday that an unnamed German energy firm had applied for a 5.5 billion euro ($6.02 billion) loan to cover margin payments tied to energy sales hedges.

($1 = 0.9132 euros)

(Reporting by Christoph Steitz and Tom Kaeckenhoff; Editing by Miranda Murray)

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