“E.ON denies speculation over sale of grid business”
dpa/Reuters
German utility E.ON has denied rumours it is considering selling parts of its grid business, the dpa news agency reports. E.ON instead aimed to “successfully implement” its strategy agreed on during the last annual shareholders’ meeting, dpa quoted an E.ON-spokesperson as saying. This consists of the three segments: grids, renewables and customer services, he said. Previously, the newspaper Wirtschaftswoche reported that E.ON’s CEO Johannes Teyssen had reviewed the partial sale of the utility’s grid due to lowered returns, which was followed by a rise in the company’s stock price.
Read the dpa article in German in Frankfurter Rundschau here and a Reuters story in English here.
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