September 4, 2019 / 4:54 PM / 13 days ago

E.ON to squeeze out remaining shareholders in takeover target Innogy

FRANKFURT, Sept 4 (Reuters) - German utility E.ON said it would quickly seek to squeeze out minority shareholders in takeover target Innogy as soon as it secures European antitrust approval for the deal.

“This shall be implemented by way of a merger of innogy SE into E.ON Verwaltungs SE, excluding the remaining minority shareholders of innogy SE in exchange for payment of an adequate cash compensation,” E.ON said in a statement on Wednesday. (Reporting by Ludwig Burger; Editing by Mark Potter)

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