German utility E.ON raised €1.35bn ($1.45bn) of new capital via a share issue, bolstering its finances ahead of big payments to the German government over the country’s nuclear legacy – and days after posting a record €16bn loss.
E.ON – which is transforming to a new business model based on renewables and networks – increased its capital after issuing more than two million shares sold by means of an accelerated bookbuilding process.
