“Capital increase yields 1.35 billion euros for E.ON”
Frankfurter Allgemeine Zeitung
On Thursday, E.ON decided on an anticipated capital increase, Frankfurter Allgemeine Zeitung (FAZ) reports. The company will issue 200 million new shares, which could generate about 1.3 billion euros available for debt reduction. The measure is mainly aimed at coping with a risk premium of two billion euros that E.ON pays into a state-administered fund for financing the final storage of Germany’s nuclear waste.
See the article in German here.
For background, see the CLEW factsheets E.ON shareholders ratify energy giant’s split and Securing utility payments for the nuclear clean-up.
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