RWE AG (RWEG_p.DE)
18 May 2018
FRANKFURT E.ON has the right to walk away from an agreed deal to break up Innogy should it sell single assets worth more than 150 million euros ($179 million) or assets worth a combined 450 million, RWE's finance chief said.
FRANKFURT, May 15 E.ON has the right to walk away from an agreed deal to break up Innogy should it sell single assets worth more than 150 million euros ($179 million) or assets worth a combined 450 million, RWE's finance chief said.
FRANKFURT/DUESSELDORF Innogy held off supporting a 4.9 billion euro ($5.9 billion) bid by German rival E.ON on Thursday, saying it was not clear if a far-reaching asset swap with its parent RWE was fair for workers or minority shareholders.
* RWE, E.ON, Innogy CEOs to meet with labour reps (Adds RWE, E.ON comment, details on Innogy CFO)
ESSEN, Germany E.ON's chief executive promised a steady increase in shareholder payouts on Wednesday, seeking to convince investors of a planned deal to break up rival Innogy with peer RWE .
FRANKFURT German energy group E.ON on Wednesday said it would put board member Leonhard Birnbaum in charge of overseeing a complex asset swap with rival RWE that will result in the break-up of renewables and networks group Innogy .
FRANKFURT Utility companies RWE and Vattenfall [VATN.UL] could receive compensation of up to 1 billion euros ($1.21 billion)for lost income from Germany's policy to decommission nuclear power by the end of 2022, according to a draft law seen by Reuters.
FRANKFURT/PRAGUE Investment group KKCG plans to bid for the Czech assets of German energy group Innogy , posing a new challenge to a deal between Innogy's majority owner RWE and rival German utility E.ON to carve up Innogy themselves.
* Innogy expected to publish its recommendation soon (Ads KKCG bidding for Czech assets, E.ON CFO comment, background)
DUESSELDORF, Germany, April 27 RWE will offer to buy Innogy's stake in Czech joint venture Innogy Grid Holding as part of its deal to break up the group with rival E.ON, a document showed on Friday.