Monday, 12 March 2018

RWE sells most of Innogy to rival E.ON

Reshaping the German power sector, RWE announced on Sunday it had agreed to sell its 78.8% stake in its clean energy arm Innogy to rival E.ON in an asset swap. Through the mega deal, if approved, E.ON would acquire Innogy’s regulated energy networks and customer operations, while RWE would get hold of E.ON’s renewable business and keep that of Innogy.

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