CONSOL Energy's Largest Shareholder Sells Additional Shares.

PR Newswire | October 3, 2003 | Copyright

CONSOL Energy Inc.'s largest shareholder, RWE of Essen, Germany, has agreed to sell 27.3 million shares of its 43.9 million shares of CONSOL Energy common stock in a private placement sale. Following the sale, RWE will hold 16.6 million shares of CONSOL Energy common stock, or 18.5% of the 89.8 million shares of common stock outstanding.

On September 23 and 24, 2003, RWE closed on a previously announced sale of 14.1 million shares of CONSOL Energy common stock, reducing its initial majority interest from 73.6% to 48.9%. On the same dates, CONSOL Energy closed on a ...

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