German utility RWE AG (RWE.XE) said Friday net proceeds from the disposal of 35 million shares in U.S.-based American Water Works Co. (AWK) Thursday amounted to around $650 million.

MAIN FACTS:

-Strong market demand prompted RWE to increase the offering size by 5 million shares, from an initial offer of 30 million.

-The shares were offered at $19.25, and the sale brings RWE's stake down to 26.5% from 46.6%.

-RWE also granted the underwriters a 30-day option to purchase up to 5.25 million additional shares.

 
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500