The integration of innogy within E.ON was registered today at the Trade Register, marking the last step in taking over the company. “We are very happy that today we have completed the last major step in the process of taking over and fully integrating innogy. In the coming months, we will focus on effectively integrating all of innogy’s initial operations into our Group. During this process, we will ensure that the interests of our customers will always always be a priority,” said Johannes Teyssen, CEO of E.ON.
Together with RWE, in March 2018, E.ON announced its intention to acquire innogy shares from RWE, as part of a larger transaction. In mid-September 2019, the European Commission gave the green light to the transaction. In March 2020, the General Assembly of innogy adopted a resolution to transfer the remaining shares of the minority shareholders to E.ON in exchange for adequate monetary compensation as part of the merger. The final stages of the transaction with RWE – the transfer of the renewable energy business, gas storage and RWE’s participation in KELAG, are to be implemented at the end of this month.
The new E.ON will be one of Europe’s largest operators of energy networks and energy infrastructure and a provider of innovative solutions to around 50 million customers. In the future, E.ON will have approximately 75,000 employees and will be active in 15 countries. The company intends to partner with customers to drive the energy transition in Europe.