“Strategists in competition”
At first glance, the split of German utility RWE was done in a smarter way than that of E.ON, as RWE spin-off innogy just posted a net profit and plans to pay shareholders a dividend, writes Jürgen Flauger in an opinion piece for Handelsblatt. “Yet it remains to be seen if [innogy CEO] Terium’s strategy is also better for RWE shareholders than [E.ON CEO] Teyssen’s path for the shareholders of E.ON and Uniper,” writes Flauger.
Read the opinion piece (behind paywall) in German here.
Find background on RWE’s split in the factsheet RWE’s plans for new renewables subsidiary.