Utilities’ spin-offs enter Germany’s second most important stock-index
Uniper and innogy, the subsidiaries of German utilities E.ON and RWE respectively, will be included in the MDAX, Germany’s second most important stock index, the two companies said in separate press releases. The utilities’ spin-offs will enter the index comprising the 50 largest and most traded German stocks after the front-ranking DAX 30 on 19 December, about three months after Uniper’s and two months after innogy’s stock market debut. E.ON has channelled its conventional energy business into its subsidiary Uniper and embarked on becoming a green energy provider, while RWE has chosen a different strategy by shifting its renewable energy business into the subsidiary innogy.
Read more on the role of energy providers in the Energiewende in the CLEW dossier Utilities and the energy transition.