RWE’s proposed buyout of 16.67% in E.ON investigated

The Competition and Markets Authority (CMA) is investigating the RWE’s proposed buyout of a minority stake in E.ON by the German utility.

Under the RWE’s proposed buyout agreement between the two companies, RWE is to sell its 76.8% stake in innogy for a resulting shareholding in E.ON of 16.67%.

The CMA is examining whether the merger could result in a “substantial lessening of competition within any market or markets in the United Kingdom for goods or services”.

It is inviting comments about any competition issues until 13th March 2019.

The acquisition is part of an asset swap deal which involves breaking up innogy and dividing its assets between parent RWE and E.ON.

Earlier this month, E.ON submitted its application to the European Commission to acquire innogy.

Original Source

, , , , , , ,
Previous Post
An Post pledges to deliver Irish zero emission service
Next Post
ScottishPower renewable energy pledge of £2bn in 2019

Related Posts