“E.ON’s conventional loss”
Handelsblatt Global Edition
German energy group E.ON is bracing for more bad news as its Uniper division, which comprises the company’s fossil fuel assets and is being spun off in September, is widely expected to report a loss in the billions on August 22, Jürgen Flauger writes in Handelsblatt Global Edition. E.ON posted its own major half-year loss on Wednesday and, as a result, both companies will start their new separated existence badly weakened. Flauger points out, however, that minus the write-downs and the burden of fossil fuel assets, E.ON — which will focus on renewable energy — is profitable.
Find the article in English (behind paywall) here.
Find background material on E.ON's troubles in the CLEW factsheet E.ON shareholders ratify energy giant's split.
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