“E.ON: Costly liberation”
E.ON CEO Johannes Teyssen calls the company’s split last year an “act of liberation,” but according to an article by Jürgen Flauger in business daily Handelsblatt, it was an extremely expensive one. In a long analysis of the company’s balance sheet, Flauger says fossil spin-off Uniper’s first year as in independent company was a success. But for the renewable E.ON, it was a “critically” strenuous draw on capital resources, according to Flauger.
Read the analysis in German (behind paywall) here.
Find background in the CLEW factsheet E.ON shareholders ratify energy giant’s split.