RWE AG shares gained over 2% on Friday after it finalized the sale of its renewable energy subsidiary Innogy SE to E.ON SE for approximately €40 billion.
On Thursday, German electric utility company E.ON closed the purchase of a 76.8% stake in Innogy SE, shortly after the European Commission...
RWE AG, which is becoming the biggest shareholder with 16.7%, is about to get a seat at the Supervisory Board of E.ON SE. The Essen-based power producer's chief executive Johannes Teyssen said on Tuesday, after the European Commission approved the asset swap between the two energy...
The European Commission said on Tuesday that German power producer E.ON SE is allowed to take over Innogy SE's distribution unit and consumer services together with a part of electricity generation portfolio. Regulators accepted the offered commitments package. The Essen-based utility said it...
SSE plc and Innogy SE, the owner of Npower Limited are renegotiating merger terms amid the introduction of the new energy price cap and "tough market conditions."
Government in London introduced legislation in September capping the default electricity and gas bill at £1,136 a year. The cap,...
Investors boosted the value of stocks in Europe at the opening bell on Monday, led by utilities and technology. Germany's E.ON SE agreed to give RWE AG a 16.67% stake and get 76.8% in Innogy SE in return, and to offer minority shareholders in the renewables, power network and retail electricity...
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