Sentences with phrase «energy business innogy»

Linklaters, Freshfields Bruckhaus Deringer and Hengeler Mueller are all advising on E.ON's $ 43bn (# 38bn) deal to acquire a controlling stake in renewable energy business Innogy from German rival RWE.

Among the largest deals clinched this quarter were U.S. health insurer Cigna Corp's $ 67 billion deal to acquire U.S. pharmacy chain Express Scripts Holding Co and German utility E.ON SE's $ 38.5 billion deal to acquire RWE AG's renewable energy business Innogy SE.

Green energy business Innogy, separated from parent company RWE and publicly listed in 2016, is to be broken up.

German energy business Innogy has announced it has acquired Statkraft's 50 percent share in the Triton Knoll offshore wind project.

Not exact matches

According to the companies, EON buys RWE's shares in Innogy, a subsidiary with both a strong renewable energy portfolio and distribution grids and power retail, while RWE gets EON's renewable business, including minority interests in two nuclear power plants.

First, E.ON will acquire RWE's 76.8 % stake in Innogy — a renewables company created in April 2016 as RWE spun off its renewables, retail, and grid businesses — and RWE will pay E.ON $ 1.5 billion to take on Innogy's renewables business, along with E.ON's minority stakes in two RWE nuclear plants (Emsland and Gundremmingen), Innogy's gas storage business, and Innogy's participation in hydro - rich Austrian energy utility Kelag.

While this is a rather new business area for energy utilities, Eon and Innogy share the vision that digital consumer solutions rather than generation should become the focus of energy utilities in the future.

July 10, 2017 Wolfie Zhao Business News, Energy, Funding, Innogy, Investments, News, Startups, TEPCO, Use Cases & Verticals, Venture Capital 0