FRANKFURT/ESSEN, Germany, March 13 (Reuters) - Innogy expects a book gain of nearly 1 billion euros ($1.1 billion) for the sale of its stake in a gas network to parent RWE, its finance chief told analysts on Wednesday.
Last month, Innogy agreed to sell the 50.04 percent stake in Innogy Grid Holding to RWE, not disclosing a purchase price. Innogy CFO Bernhard Guenther said Innogy expects a book gain in the “very high” triple digit million euro range as part of the deal.
Macquarie owns the remaining 49.96 percent.
($1 = 0.8853 euros)
Reporting by Christoph Steitz and Vera Eckert; editing by Thomas Seythal