Percorso:ANSA > Nuova Europa > Business > German energy companies E.ON, RWE agree to swap assets
German energy companies E.ON, RWE agree to swap assets
Acquiring 76.8 percent of stake in Innogy
12 March, 10:35
(ANSA) - TRIESTE - German energy company E.ON agreed to take
over a big stake of utility company RWE's subsidiary Innogy, in
exchange for a far-reaching range of assets from E.ON's
renewable business.
E.ON is acquiring 76.8 percent of RWE's stake in Innogy in exchange for granting RWE a participation of 16.67 percent in E.ON. The agreement is considered a major restructuring of Germany's energy market and comes in the wake of Chancellor Angela Merkel's 2011 decision to abandon nuclear power and focus on renewable energy sources, after Fukushima nuclear disaster.
(ANSA).
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E.ON is acquiring 76.8 percent of RWE's stake in Innogy in exchange for granting RWE a participation of 16.67 percent in E.ON. The agreement is considered a major restructuring of Germany's energy market and comes in the wake of Chancellor Angela Merkel's 2011 decision to abandon nuclear power and focus on renewable energy sources, after Fukushima nuclear disaster.
(ANSA).
