German utilities sign major exchange deal for Innogy

RWE and E.on have reached agreement for an exchange deal focused mainly on ownership of Innogy.

Photo: Senvion

E.on is set to become the owner of Innogy in an exchange deal where RWE will sell its 76.8 percent stake to E.on.

RWE will receive the entire renewable energy business from Innogy and E.on in return. In addition to this, RWE will also obtain a 16.67 percent stake in E.on – the assets will be issued in a 20 percent capital increase, the two companies announce.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs