German utility RWE AG (RWE.XE) is facing headwinds at the planned takeover of Russian power generating company TGK-2 (TGKB.RS), German daily Handelsblatt writes Friday, citing company sources.
Petrochemical company Syntez Group, RWE's partner with which the company plans to buy TGK-2, is demanding larger influence on the future operating business and new conditions which would increase RWE's economic risk.
However, a solution that fits both parties is still possible, Handelsblatt reported, citing people close to the negotiations between RWE And Syntez.
RWE declined to comment.