|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||11.08 - 11.18|
|52 Week Range||8.36 - 12.49|
|PE Ratio (TTM)||4.90|
|Forward Dividend & Yield||0.24 (2.12%)|
|1y Target Est||15.37|
Moody's Investors Service (Moody's) has today confirmed the Baa2 issuer and senior unsecured ratings of innogy SE (innogy) and its guaranteed subsidiary, innogy Finance B.V.. The Prime-2 commercial paper rating was also confirmed. The outlook on all the ratings is stable.
Moody's Investors Service (Moody's) has today confirmed the Baa3 issuer rating of RWE AG (RWE), and the Ba2 rating of its subordinated hybrid capital securities (the hybrids). The Prime-3 commercial paper ratings were also confirmed.
Today we’re going to take a look at the well-established EON SE (DB:EOAN). The company’s stock saw a double-digit share price rise of over 10% in the past couple ofRead More...
FRANKFURT/DUESSELDORF (Reuters) - Innogy (IGY.DE) held off supporting a 4.9 billion euro (4.37 billion pounds) bid by German rival E.ON (EONGn.DE) on Thursday, saying it was not clear if a far-reaching asset swap with its parent RWE (RWEG.DE) was fair for workers or minority shareholders. E.ON and RWE, which holds a 76.8 percent stake in Innogy, revealed plans to break up the networks and renewables business and divide its assets in March. "Irrespective of the offer price, we are extremely concerned that the job cuts planned by E.ON will be unilaterally pursued to the disadvantage of the Innogy employees," Innogy Chief Executive Uwe Tigges said.
actively worked against the planned sale of E.ON's remaining stake to Finnish peer Fortum (FORTUM.HE). E.ON Chief Executive Johannes Teyssen told shareholders on Wednesday that no decision had been made over how E.ON would vote at Uniper's annual general meeting in relation to a motion to appoint a special auditor. Uniper had said on Tuesday that Cornwall Luxembourg S.a.r.l., which it said was backed by activist investor Elliott, had made such a proposal to identify possible breaches of duty by the board in relation to Fortum's bid.
German energy group E.ON (EONGn.DE) on Wednesday said it would put board member Leonhard Birnbaum in charge of overseeing a complex asset swap with rival RWE (RWEG.DE) that will result in the break-up of renewables and networks group Innogy (IGY.DE). Birnbaum, currently in charge of E.ON's grids and renewables business, will take on his new duties from June and will remain responsible for E.ON's renewables business until it is transferred to RWE as part of the deal. Under the break-up plans, first unveiled in March, E.ON will get Innogy's customer and networks activities, while RWE will receive E.ON's and Innogy's renewables operations, turning it into Europe's third-largest green energy player.
FRANKFURT/PRAGUE (Reuters) - Investment group KKCG plans to bid for the Czech assets of German energy group Innogy (IGY.DE), posing a new challenge to a deal between Innogy's majority owner RWE (RWEG.DE) and rival German utility E.ON to carve up Innogy themselves. E.ON (EONGn.DE) on Friday published its 5.2 billion euro (4.6 billion pound) takeover offer for the 23.2 percent of Innogy that RWE does not own, worth 40 euros per share including dividend payments to Innogy shareholders for 2017 and 2018. RWE and E.ON in March unveiled comprehensive plans to break up Innogy and divide its assets, turning RWE into Europe's second-largest wind utility and E.ON into Europe's largest operator of gas and power networks.
RWE (RWEG.DE) will offer to buy Innogy's (IGY.DE) stake in Czech joint venture Innogy Grid Holding as part of its deal to break up the group with rival E.ON (EONGn.DE), a document showed on Friday. After that, RWE will have the option to sell the stake to E.ON, and E.ON will have the option to buy it, E.ON said in the offer document for its 5.2 billion euro (4.55 billion pounds) takeover offer for a minority stake in Innogy. Last week, sources told Reuters that Australia's Macquarie (MQG.AX) was interested in some of Innogy's assets, including the stake it does not own yet in Innogy's Czech gas networks unit, potentially disrupting the deal between RWE and E.ON.
Innogy (IGY.DE) said on Tuesday a proposed deal by parent RWE (RWEG.DE) and rival E.ON (EONGn.DE) to break up the German energy group lacked clarity, adding it would comment on the transaction once the offer period had officially started. Last month, RWE and E.ON announced the landmark deal to split up Innogy's assets between them and turn RWE into a renewables champion, while E.ON will become Europe's largest operator of power and gas grids. As part of the deal, E.ON will launch a 40 euros-per-share, or 5.2 billion euro (4.56 billion pounds), bid for Innogy's minority shareholders, with the offer period expected to start at the end of April.
EON SE (DB:EOAN) outperformed the Multi-Utilities industry on the basis of its ROE – producing a higher 62.31% relative to the peer average of 9.89% over the past 12 months.Read More...
RWE and E.ON are not planning to merge to create an energy giant after they shook up the German market with an asset swap, the chief executives of the two companies said in a newspaper interview published on Friday. RWE and E.ON unveiled plans last week to break up and share renewables, networks and retail group Innogy, the largest restructuring in the country's energy market since Germany decided to phase out nuclear power. "There are no plans at all for a merger," RWE CEO Rolf Martin Schmitz told the Westdeutsche Allgemeine Zeitung.
Germany's top utility E.ON (EONGn.DE), fresh from agreeing an asset swap with rival RWE (RWEG.DE), will seek to overcome a decade of losses by focussing on growth in innovative areas, its chief executive said on Thursday. "On the whole, we in Germany have not yet managed to be innovation drivers for the broader industry," he said. The meeting explored plans for future digitised electricity markets aimed at private households, companies, municipalities and cities in Germany, E.ON's core market.
FRANKFURT/DUESSELDORF (Reuters) - German utility E.ON (EONGn.DE) is emerging as an investor favourite following a major asset swap deal with rival RWE (RWEG.DE) this week, with its eye-popping share of regulated profits outshining RWE's riskier bet on renewables. Following the deal, announced on Sunday, shares in both companies soared, as did those in RWE's networks and renewables business Innogy (IGY.DE), which will be broken up as part of the deal and whose assets will split among E.ON and RWE. "E.ON is the winner," said Thomas Hechtfischer, managing director of shareholder advisory group DSW, which usually represents roughly 1 percent of voting rights at the annual general meetings of E.ON and RWE.
Labour unions want to move quickly to commit energy groups E.ON (EONGn.DE) and RWE (RWEG.DE) to avoiding forced redundancies in the planned break-up of RWE's networks and renewables unit Innogy (IGY.DE), a board member of the Verdi union said. "We will now call for the ban of forced layoffs," Andreas Scheidt, who also serves as deputy chairman of E.ON's supervisory board, told Reuters. E.ON and RWE earlier this week announced the plans that will see them beef up their own businesses with parts of Innogy in one of Germany's largest-ever utility deals.
Moody's Investors Service (Moody's) has today placed on review for downgrade the Baa2 issuer and senior unsecured ratings of innogy SE (innogy), and its guaranteed subsidiary innogy Finance B.V.. The Prime-2 ...
Moody's Investors Service (Moody's) has today placed on review for downgrade the Baa3 issuer rating of RWE AG (RWE), and the Ba2 rating of its subordinated hybrid capital securities (the hybrids). The ...
E.ON (EONGn.DE) will submit a 5.2 billion euro (4.62 billion pounds) voluntary public takeover offer for minority shareholders in Innogy (IGY.DE) in the second quarter of 2018, RWE (RWEG.DE) Chief Financial Officer Markus Krebber said in a speech. This is expected to occur in the second quarter of 2018," Krebber said at a joint news conference of RWE and E.ON. E.ON and RWE earlier this week agreed a far-reaching deal that will effectively break up RWE's energy networks and retail arm, Innogy, and divide its assets between them.
German energy firm E.ON (EONGn.DE) said on Monday it expects as many as 5,000 job cuts and up to 800 million euros ($987 million) of synergies as part of an asset swap with peer RWE (RWEG.DE) involving its renewables and network arm Innogy (IGY.DE). Plans to break up Innogy and divide its assets between parent RWE and E.ON, first announced a day earlier, added 4.3 billion euros to the market value of Germany's three largest utilities in the sector's largest overhaul in recent history. Germany's power companies are reshaping as they look to boost green energy output, shift away from fossil fuels and prepare for Germany's exit from nuclear power in 2022.
ESSEN, Germany (Reuters) - E.ON (EONGn.DE) expects as many as 5,000 job cuts and 600 million to 800 million euros ($740-987 million) of synergies as part of a major asset swap with peer RWE (RWEG.DE) involving ...
FRANKFURT/ESSEN (Reuters) - Plans to carve up Innogy (IGY.DE) between parent RWE (RWEG.DE) and fellow utility E.ON (EONGn.DE) are unlikely to be disrupted by rival bidders due to the complexity of the planned transaction, people close to the matter said. RWE, which owns 76.8 percent of Innogy, had also already explored alternative combinations but without reaching agreement, further reducing the chances of the deal now being challenged. The transaction announced on Sunday will sharpen the corporate focus of RWE, which will become one of Europe's largest renewable players, and create one of the continent's top grids and energy retail players under the umbrella of E.ON.
ESSEN/DUESSELDORF (Reuters) - Germany's top utilities on Sunday announced plans to break up Innogy, whose assets will be divided among parent RWE and rival E.ON in the sector's biggest overhaul since a landmark move to exit nuclear power. The deal, which includes E.ON making a 5.2 billion euro ($6.4 billion) takeover offer to Innogy's minority shareholders, spells the end of the network, renewables and retail energy group, carved out from RWE two years ago, as a standalone unit. Chancellor Angela Merkel's decision to abandon nuclear power after Japan's Fukushima nuclear disaster in 2011 has forced the sector to radically restructure in order to survive and already caused major plant shutdowns and billions of euros of losses.
German energy giant E.On agreed to swap a range of assets with rival RWE, the latest in a yearslong series of deals unleashed by Chancellor Angela Merkel’s 2011 renewable-energy revolution.
ESSEN/DUESSELDORF (Reuters) - Germany's top utilities on Sunday announced plans to break up Innogy (IGY.DE), whose assets will be divided among parent RWE (RWED.DE) and rival E.ON (EONGN.DE) in the sector's biggest overhaul since a landmark move to exit nuclear power. The deal, which includes E.ON making a 5.2 billion euro ($6.4 billion) takeover offer to Innogy's minority shareholders, spells the end of the network, renewables and retail energy group, carved out from RWE two years ago, as a standalone unit. Chancellor Angela Merkel's decision to abandon nuclear power after Japan's Fukushima nuclear disaster in 2011 has forced the sector to radically restructure in order to survive and already caused major plant shutdowns and billions of euros of losses.