Utility RWE AG (RWE.XE) still wants to fully divest its U.S. water unit American Water Works Co. (AWK), Chief Financial Officer Rolf Pohlig told shareholders at the company's annual general meeting Wednesday.

Pohlig didn't say when a complete divestment of American Water will likely be concluded. He did, however, say that RWE in 2009 plans to sell as many shares as necessary that will allow the deconsolidation of the business.

Company Web site: www.rwe.com

-By Jan Hromadko, Dow Jones Newswires; +49 69 29 725 503; jan.hromadko@dowjones.com