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E.ON offers $2.65 billion to squeeze out remaining Innogy investors

The logos of RWE and E.ON are seen before a joint news conference of the two German utilities
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FRANKFURT (Reuters) - German energy firm E.ON on Thursday said it would offer a total of about 2.38 billion euros ($2.65 billion/£2 billion) to buy out minority shareholders of Innogy .E.ON, which owns 90% of Innogy, is offering 42.82 euros per share for the remaining stake, which equals 55.56 million shares. Innogy will hold an extraordinary shareholder meeting on the matter on March 4, E.ON..
Date Published: Jan 16, 2020
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