12 March 2018
RWE concludes agreement with E.ON to sell it’s 76.8 per cent stake in innogy via a wide-ranging exchange of business activities
Today, RWE and E.ON have concluded an agreement on the sale of RWE’s 76.8 per cent stake in innogy via a wide-ranging exchange of business activities and participations.
RWE to become one of the European leaders for renewable energy and security of supply
"Renewable and conventional energy generation are two sides of the same coin when it comes to the transformation of the energy world. The expansion of CO2-free electricity generation will increasingly evolve from a regulated sector to a normal competitive market. Significant size is crucial for success in this future-orientated business. At the same time, security of supply remains the beating heart of any future-proofed industrial society. Our trading platform links and seamlessly brings to market all energy assets in our portfolio. The combination of these businesses, together with our solid financial situation allowing for growth investments, make RWE a strong partner of the energy transition – beyond the borders of Germany. The core business of the company and our solid financial stake in E.ON create attractive, sustainable prospects for our company, our employees and our shareholders."
Dr Rolf Martin Schmitz, CEO of RWE AG
Further information of the joint Press Conference of RWE AG and E.ON SE can be found behind the following links: