E.ON completes voluntary public takeover offer to innogy minority shareholders
German utility E.ON has successfully completed the voluntary public takeover offer to innogy minority shareholders, E.ON has announced in a press release. Including RWE’s 76.8 percent stake in innogy, E.ON will hold 86.2 percent of the company’s shares upon completion of the transaction. In mid-July, E.ON and RWE reached agreements with innogy to cooperate on the planned integration of the company into the two electric utilities.
Read the press release in English here.
For background, read the CLEW article RWE and E.ON overhaul power sector - German reactions to innogy deal, the dossier Utilities and the energy transition, and the factsheet Germany’s largest utilities at a glance.