And the loser is: innogy – opinion

While it could be years before the possible “surprising reorganisation” of Germany’s energy market can be fully assessed, innogy is “clearly” the deal’s loser, Jürgen Flauger writes in an opinion piece for Handelsblatt. “The company will be broken up, integrated into E.ON – and robbed of its growth goals,” Flauger says. It remains to be seen if E.ON and RWE emerge as the deal’s winners, as both “have paid dearly” for the new assets. RWE gives up its dividend supplier innogy – in which the market had shown great interest – and E.ON gives up a segment it had deliberately bet on in the company’s own split two years ago: power production from renewables.  

Find the opinion piece (behind paywall) in German here.

For background, read the CLEW dossier Utilities and the energy transition and the factsheet Germany’s largest utilities at a glance.