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EU: EU Commission stops clock on E.ON takeover of Innogy assets

 |  March 26, 2019

EU antitrust regulators have halted a process to review a planned takeover of Innogy’s network and retail assets by E.ON after E.ON failed to meet a deadline to submit detailed data sets, E.ON said on Tuesday.

“We will soon submit the missing information so that the process can continue in due course,” E.ON said in an e-mailed statement, adding this was a common development in transactions of similar size and complexity.

The group said it still expected to complete the landmark deal in the second half of 2019. The EU has set a provisional July 23 deadline to decide on the takeover.

Full Content: Reuters

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