A PYMNTS Company

EU: E.ON offers to sell Hungarian, Czech businesses

By  |  June 24, 2019

German energy group E.ON has offered to sell parts of its Hungarian electricity business to address EU antitrust concerns over its bid for rival Innogy’s network and retail assets, its chief executive said on Monday.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    In another concession to the European Union, E.ON offered to sell Innogy’s gas and power business in the Czech Republic, E.ON CEO Johannes Teyssen said at an event in Berlin.

    E.ON may also drop 260,000 heating customers in Germany, as well as the operation of 32 recharging stations for electric cars along Germany’s Autobahn motorway network, he said.

    Full Content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.