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E.ON Implements Transfer Of Around EUR 11.5 Bln Of Innogy Bonds
E.ON Is Planning To Cut Almost 700 Jobs Over The Next Two Years - PA Media
E.ON Says European Commisson has approved Innogy deal
E.ON SE is a Germany-based energy company. The Company's business activities are divided into four core segments: Energy Networks, Customer Solutions, innogy and Renewables. The Energy Networks segment consists of its power and gas distribution networks and related activities. The Customer Solutions segment serves as the platform for working with its customers to shape Europe's energy transition, supplying power, gas and heat. The Innogy segment consists of the network and sales businesses, as well as the corporate functions and internal services of the innogy Group. The Renewables segment builds, operates and manages wind and solar generation assets. In addition, it has a nuclear power business in Germany, which is operated by its subsidiary PreussenElektra and is not a strategic business. The Company’s customers are residential, small and medium-sized enterprises, industrial and commercial and public entities.
Bruesseler Platz 1
Independent Chairman of the Supervisory Board, Shareholder representative
Chairman of the Management Board, Chief Executive Officer
Independent Deputy Chairman of the Supervisory Board, Shareholder representative
Independent Deputy Chairman of the Supervisory Board, Employee Representative
Chief Financial Officer, Member of the Management Board
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* RWE hopes for money, E.ON for easy power sales (Adds reactions from environment ministry, EnBW, E.ON)
E.ON <EONGn.DE>, Germany's largest energy firm, on Wednesday said markets recovered faster than expected from the coronavirus crisis and kept its 2020 forecast.
Utility company E.ON <EONGn.DE> said on Wednesday it has sold forward 84% of its German nuclear power generation in 2021 and 52% of its 2022 output at prices above the current wholesale market, raising earnings prospects from that segment.
E.ON, Germany's largest energy firm, on Wednesday posted a 10% drop in nine-month profit due to the impact from the coronavirus crisis but added that markets were recovering faster than expected.
E.ON <EONGn.DE> on Wednesday stopped short of expressing interest in the British networks unit that U.S. utility PPL <PPL.N> put up for sale earlier this week, pointing to the shaky regulatory environment in the country.
German utility E.ON <EONGn.DE> said on Wednesday it has sold forward 73% of its 2021 nuclear power generation and 46% of its 2022 output at prices above the current wholesale market, raising earnings prospects from that segment.
E.ON, Germany's largest energy group, on Wednesday cut its outlook for the current year as the coronavirus crisis hit its networks and retail business in the second quarter.
E.ON <EONGn.DE> will work with SAP <SAPG.DE> to develop a platform aimed at standardising data of its vast network of gas and power grids.
German utilities giant E.ON <EONGn.DE> will sell its entire end-customer electricity and gas business in the Czech Republic to Hungarian energy group MVM, E.ON said in a statement on Saturday.
* INNOGY'S RENEWABLES AND GAS STORAGE BUSINESSES AS WELL AS STAKE IN KELAG INTEGRATED INTO NEW RWE - 2,700 EMPLOYEES SWITCH TO RWE GROUP Further company coverage: (Berlin Speed Desk)
Hungary's state-owned energy group MVM is seen as a frontrunner to buy E.ON's <EONGn.DE> Czech Innogy retail operations, although the German utility is in talks with other bidders, two sources close to the deal said.
Hungary's state-owned energy group MVM has submitted a final bid for E.ON's Czech Innogy retail operations as it seeks to expand in central Europe, Chairman and CEO Gyorgy Kobor told Reuters.
Hungary's state-owned energy group MVM has put in a final bid for E.ON's Czech Innogy retail operations as it seeks to expand in central Europe, chairman and CEO Gyorgy Kobor told Reuters.
Shares in Innogy <IGY.DE>, once Germany's No.1 energy group by market cap, are expected to be delisted this week, as rival E.ON <EONGn.DE> said it completed a buy-out of minority shareholders as part of a broader deal to break up the firm.
Shares in Innogy, once Germany's No.1 energy group by market cap, are expected to be delisted this week, as rival E.ON said it completed a squeeze-out as part of a broader deal to break up the firm.
E.ON, Europe's largest energy networks operator, has so far not seen a pickup in electricity demand across Europe after the coronavirus crisis triggered a "dramatic" decline, its chief executive said.
German energy group E.ON expects a squeeze-out of minority shareholders of peer Innogy to be completed soon, its CEO told shareholders in Thursday, marking the final step in its landmark asset swap with RWE.
The head of Germany's largest energy company E.ON on Tuesday urged the German government to increase funds for green power infrastructure and cap costs to consumers as the demand drop following the coronavirus outbreak saps existing finance.
German energy firm E.ON on Tuesday said it was not immune to the impact of the coronavirus pandemic, expecting a hit of up to 99 million euros ($107 million) in 2020 as power consumption falls.
German utility E.ON said on Tuesday it has sold forward 65% of its nuclear power generation in 2021 and 34% of its 2022 output at prices well above the current wholesale market, raising earnings prospects from that segment.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.