Sunday , April 5 2020
Home / austria / Börse Express – this week: For three years

Börse Express – this week: For three years



[ad_1]

The shareholders of the Essen energy group Innogy
I arrived on Tuesday (10.00), to possibly
the last Annual General Meeting of the group together. only
Three years after its launch, the network and the daughter of green power
The energy giant RWE smashed. In the long term
RWE competitor Eon Innogy wants to take over and has
an agreement with RWE wide exchange transaction.

Eon wants electricity and gas networks and end business customers
keep Innogy and green electricity production together with its own
transfer renewable energy in RWE. In addition, RWE with & # 39 is 16.7
Percentage participating in Eon and payment of lump-sum compensation
in the amount of 1.5 billion euros it received. Eon is now almost 90
Percentage shares Innogy secured.

After Innogy substitution to Eon for the most far
electricity provider in Germany with more than 12 million customers.
Another 2.1 million customers, the Group will supply gas and
in many places there are distribution networks. Europe Eon will have 50
Million customers. Therefore, being afraid of competitors and
The defenders of the rights of consumers around the competition. EU Commission inspection
Therefore, carefully threatens the current rise in prices for customers.

Part of the deal have already competition watchdog
They waved later. RWE received approval to participate and Eon
obtained for the purchase of renewable energy sources. absorption
Innogy in a network of Eon relates to the assessment
Antitrust training largely hassle-free, as is the business
It is under the control of the Agency.

The sale of energy is different. here concerns
EU Commission to competition. In March, it was a concern
He noted that "the rest of the competitive pressure from the & # 39 is sufficient
would be to market power on the & # 39; the combined company to
limit and prevent consumer price increases. "
Thus, the Commission has in-depth review of the transaction
initiator.

With Eon and Innogy two giants will go along. Eon put in
Last year more than 30 billion euros, which is almost 37 Innogy
Billion euros. Both are about 43 000 people. to
5,000 jobs will be cut after the takeover – without
Obligatory dismissal. / HFF / DP / eg

    ISIN DE0007037129 DE000ENAG999 DE000A2AADD2

AXC0043 2019/04/30 / 06: 35

Copyright AFX News Business GmbH. All rights reserved. Redistribution, republication or permanent storage AFX is not permitted without prior consent.



[ad_2]
Source link