LONDON — The German utility RWE signaled on Sunday that it expected to complete the sale of its oil and gas subsidiary, RWE Dea, to a Russian investment company on Monday, despite objections from the British government.
L1 Energy, an investment company owned by the Russian billionaire Mikhail Fridman, agreed last year to buy RWE Dea for 5 billion euros, or about $5.6 billion. Among RWE Dea’s prime holdings are a large North Sea natural gas field called Breagh and other British assets. The British government has declined to bless the sale out of concern that if Western sanctions on Russia are extended to Mr. Fridman or his company, the fields may need to be shut down, creating safety and environmental risks.
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