06 Dec 2016

Utilities’ spin-offs enter Germany’s second most important stock-index

Uniper / Innogy

Uniper and innogy, the subsidiaries of German utilities E.ON and RWE respectively, will be included in the MDAX, Germany’s second most important stock index, the two companies said in separate press releases. The utilities’ spin-offs will enter the index comprising the 50 largest and most traded German stocks after the front-ranking DAX 30 on 19 December, about three months after Uniper’s and two months after innogy’s stock market debut. E.ON has channelled its conventional energy business into its subsidiary Uniper and embarked on becoming a green energy provider, while RWE has chosen a different strategy by shifting its renewable energy business into the subsidiary innogy.

Read innogy’s press release in English here and Uniper’s press release in English here.

Read more on the role of energy providers in the Energiewende in the CLEW dossier Utilities and the energy transition.

All texts created by the Clean Energy Wire are available under a “Creative Commons Attribution 4.0 International Licence (CC BY 4.0)” . They can be copied, shared and made publicly accessible by users so long as they give appropriate credit, provide a link to the license, and indicate if changes were made.

Utilities’ spin-offs enter Germany’s second most important stock-index

Reactions from energy and climate community to collapse of Germany’s coalition government

Climate finance target amount uncertain until last minute at COP29 – Germany’s climate envoy

Large local utilities in Germany stall on heating transition – media report

Germany to struggle reaching international climate finance target – govt officials

Active financial supervision key lever against greenwashing – NGO