Sentences with phrase «innogy deal»
For background, read the CLEW piece Deal between utilities E.ON and RWE set to reshuffle German energy market and the article RWE and E.ON overhaul power sector - German reactions to innogy deal.
https://www.cleanenergywire.org/ Not exact matches
Deepa Venkateswaran, a senior analyst in European utilities at Bernstein, told CNBC that the deal represented a reversal for RWE after the IPO of Innogy.
Under the terms of the deal, which has been agreed in principle and was announced Sunday, RWE will sell its 76.8 percent stake in Innogy to German rival E.ON.
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.
CNBC's Annette Weisbach reports on a deal to break up Innogy, Germany's largest energy supplier by market value.
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.