This was preceded by extensive preliminary reviews by the CMA in order to obtain a precise picture of the effects of the transaction with E.ON on competition.

RWE receives E.ON’s renewables business and innogy’s renewables business from E.ON as part of a far-reaching transaction announced in 2018. Added to this are E.ON’s minority interests in the Emsland and Gundremmingen nuclear power stations operated by RWE, innogy’s gas storage business and its stake in the Austrian power utility Kelag. RWE will also acquire a 16.7% stake in E.ON.

At the end of February, the European Commission and the Federal Cartel Office had already approved RWE’s acquisition of E.ON’s and innogy’s renewable energy business and RWE’s acquisition of a 16.7% minority stake in E.ON without any conditions.

Source: Company Press Release