E.ON and RWE set to complete landmark energy deal in 2019

The landmark deal between German utilities E.ON and RWE remains on track for completion next year according to RWE, reports Tobias Buck in the Financial Times. Both groups reported quarterly results that were broadly in line with market expectations and reaffirmed their full year targets. E.ON plans to take over RWE’s innogy, followed by a series of asset swaps that will leave E.ON focused on regulated energy networks and retail customers, and RWE as a leading European energy producer that will own the renewables assets of both E.ON and innogy.

Read the article in English here.

Find the RWE press release in English here and the E.ON article here.

Find background in the article RWE and E.ON overhaul power sector - German reactions to innogy deal and the dossier Battered utilities take on start-ups in innovation race.