EnergyWatch

Huge German trade deal gets green light

Authorities have green lighted a slightly complicated trade deal between RWE and EON.

Photo: Senvion

The European Commission and German authorities have approved the deal between RWE and Eon, announced RWE in a press release.

Under the deal, RWE is selling its 76.8 percent share in the listed company Innogy to Eon while RWE will in turn receive Eon and Innogy's green business. RWE will moreover receive a 16.67 percent ownership share in Eon. As part of the deal, RWE will pay EUR 1.5 billion in cash to Eon, which will remain owner of Innogy and its detail and network businesses. Eon will also become the owner of Innogy and its detail and network businesses.

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