German utility E.ON has successfully closed the syndication of €5bn ($5.89bn) of acquisition financing for the far-reaching exchange of assets and stakes with rival RWE, and the voluntary takeover offer made to the shareholders of RWE renewables unit Innogy.
E.ON in April launched the €4.9bn takeover offer for Innogy at €40 per share, following up on a March announcement of plans to acquire RWE’s 76.8%
