E.ON has launched a voluntary public takeover offer for shares in rival German utility Innogy at €40.00 per share that follows up on the announcement on March 12 to acquire RWE’s 76.8% stake in Innogy as part of a wide-ranging swap of assets and shareholdings.
Once the transaction is completed, it will bundle E.ON and Innogy’s renewables business under the umbrella of a new RWE (that will, however keep its fossil generation assets), while E.ON
