March 23, 2020 / 11:29 AM / 18 days ago

E.ON to revamp UK retail unit in deal with Octopus Energy

FRANKFURT, March 23 (Reuters) - Germany’s E.ON on Monday said it will form a new subsidiary for its British energy retail business in a partnership with a unit of Octopus Energy.

The unit, called E.ONnext, will be the home of E.ON’s residential and commercial clients in Britain as well as those of Npower, which it acquired through the breakup of Innogy .

Reporting by Christoph Steitz; editing by Thomas Seythal

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