EU accepts E.ON's remedies in Innogy deal

Tuesday, 17. September 2019 10:39

The European Commission said on Tuesday that German power producer E.ON SE is allowed to take over Innogy SE's distribution unit and consumer services together with a part of electricity generation portfolio. Regulators accepted the offered commitments package. The Essen-based utility said it would sell its operations with electricity for heating at the domestic market and discontinue the operation of 34 car charging units on the country's highways, ceding it to a third party.

The retail power supply to unregulated clients in Hungary is set to be divested as well together with Innogy's entire power and gas supply division in the Czech Republic. Innogy is majority owned by RWE AG, which in turn took some of E.ON's assets.

The European Union's executive arm concluded competition in Germany and in Slovakia wouldn't suffer.

Related Links: innogy SEE.ON SE
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