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Germany’s biggest utility E.ON to merge with its biggest competitor RWE

Energy Post 26th June 2018 , It came as a great surprise to me some weeks back that Germany’s biggest
utility E.ON reached an “agreement in principle” with its biggest
competitor RWE to acquire its grid and retail business Innogy via a
wide-ranging “exchange of assets,” including RWE taking over the
renewables and other power generation businesses of E.ON.

The result, if the various competition authorities and regulators allow the deal to take
place, will be the biggest European grid company and energy retailer in the
form of E.ON, with RWE becoming the second biggest power generator in
Europe and third biggest owner of renewable assets. In addition, as part of
the deal, RWE will keep a minority stake in E.ON which ties the companies
together.
http://energypost.eu/trying-to-make-sense-of-the-rwe-eon-utility-deal/

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July 2, 2018 - Posted by | business and costs, ENERGY, Germany

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