“German utilities weigh M&A as Goldman sees game-changers”
Bloomberg
German utility E.ON has discussed a potential collaboration with renewable energy company innogy – the subsidiary of RWE AG, reports Bloomberg, citing “two people familiar with the matter”. At the same time, European utilities outside Germany are showing an interest in taking over innogy and E.ON’s fossil fuel spin-off Uniper, the article adds. Goldman Sachs says it expects “large, game-changing” mergers and acquisitions in the sector because of low borrowing costs and stronger balance sheets, according to Bloomberg. EON and Uniper declined to comment.
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