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Innogy Appoints Leonhard Birnbaum as CEO, Johannes Teyssen As Chairman
Greencoat UK Wind Acquires Glen Kyllachy Wind Farm
Macquarie-led consortium completes takeover of Czech gas distribution network
Innogy SE is a Germany-based company, which is primarily involved in the utilities industry. The Company operates as a provider of electricity and natural gas. The Company's operations are divided into three segments, namely Renewables, Grid and Infrastructure and Retail. The Company operates plants for electricity generation and production from renewable energy sources. The Company is active in Germany, the Netherlands, Austria, Poland, Romania, Croatia, Slovakia, Slovenia, the United Kingdom, among others.
Independent Chairman of the Supervisory Board
Chief Executive Officer, Member of the Executive Board
Independent Deputy Chairman of the Supervisory Board, Employee Representative
Chief Financial Officer, Member of the Executive Board
Arno C. Hahn
Chief Human Resources Officer and Labour Director, Member of the Executive Board
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Total Debt To Equity (MRQ)
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E.ON <EONGn.DE> will move quickly to address problems at Npower, the loss-making British retail business it is taking over after European regulators approved its purchase of assets from peer Innogy <IGY.DE>, the German energy group's CEO said on Tuesday.
German utility E.ON <EONGn.DE> said it would seek to squeeze out minority shareholders in takeover target Innogy <IGY.DE> as soon as it secures European antitrust approval for the deal.
German utility E.ON said it would quickly seek to squeeze out minority shareholders in takeover target Innogy as soon as it secures European antitrust approval for the deal.
RWE <RWEG.DE> on Wednesday said it had acquired a 49% stake in Slovak power supply and distribution group VSEH from subsidiary Innogy <IGY.DE>, as part of a deal to break up Innogy's assets with rival E.ON <EONGn.DE>.
* Shares indicated up 1.7% (Adds CEO comment, details on results, shares)
German energy networks and renewables group Innogy SE <IGY.DE>, lost 135,000 customers in Britain in the second quarter due to regulatory restrictions and fierce competition, it said on Friday, after reporting a wider first-half loss at its UK unit.
E.ON <EONGn.DE> has been approached by several parties that are interested in assets the group plans to sell in order to gain European antitrust approval for its planned takeover of rival Innogy <IGY.DE>, its chief financial officer said.
E.ON <EONGn.DE> is expected to win EU antitrust approval to buy rival Innogy's <IGY.DE> network and retail assets, sources said on Friday, in a deal set to transform the German company into a major player in the European energy market.
EU antitrust regulators are set to approve E.ON's bid to buy rival Innogy's network and retail assets after the German energy group sweetened its concessions to address competition concerns, people familiar with the matter said on Friday.
E.ON has offered to sell assets in Hungary, Germany and the Czech Republic to address European Union antitrust concerns over the German energy group's bid for rival Innogy's network and retail assets.
* Commission has opened full-scale investigation into E.ON deal
German energy group E.ON has offered to sell parts of its Hungarian electricity business to address EU antitrust concerns over its bid for rival Innogy's network and retail assets, its chief executive said on Monday.
German energy company E.ON has offered concessions to address EU antitrust concerns over its bid to buy rival Innogy's network and retail assets, a filing on the European Commission site showed on Friday.
Energy firm Innogy, in the process of being broken up by parent RWE and rival E.ON, could team up with oil majors to build offshore wind farms in the booming U.S. market, one of its board members said.
Energy firm Innogy , in the process of being broken up by parent RWE and rival E.ON, could team up with oil majors to build offshore wind farms in the booming U.S. market, one of its board members said.
German energy group Innogy , which is being broken up by parent RWE and rival E.ON, on Tuesday said operating profit fell more than a fifth in the first quarter as it continued to lose customers in Britain.
German energy group Innogy , which is being broken up by parent RWE and rival E.ON, on Tuesday posted a 33-percent decline in first-quarter net profit, as it continued to lose customers in Britain.
The European Commission has again suspended the deadline on its review of the planned takeover of Innogy's network and retail assets by Germany's E.ON, the watchdog said on its website on Thursday.
EU antitrust regulators have halted a process to review a planned takeover of Innogy's network and retail assets by E.ON after E.ON failed to meet a deadline to submit detailed data sets, E.ON said on Tuesday.
E.ON's planned acquisition of the retail and network activities of RWE subsidiary Innogy could take longer should Britain leave the European Union without a deal, RWE's chief executive said on Thursday.
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