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The subsidiary of RWE Innogy has abandoned its latent resistance to its own destruction. It will support the rapid implementation of the proposed deal between RWE and its counterpart in the Eon industry, said the three companies Wednesday night. They agreed "on fair integration processes," he said.
The two energy giants EON and RWE want to break the subsidiary of RWE Innogy and divide the case again. Initially, Eon Innogy wants to take over completely and, in return, RWE participates in about 17% of its own business. Eon would retain Innogy's lucrative network and electricity distribution business while bringing together the renewable energies of both companies under the umbrella of RWE.
Innogy obviously did not want to leave the scene of independent companies after only a relatively short life. In May, RWE CEO Rolf Martin Schmitz warned the company against selling parts of the company in the Czech Republic. Previously, the Board of Directors of Innogy had refused to recommend to its shareholders the acceptance of the offer Eon. "However, a final badessment of the relative amount of the offer is not possible due to non-public agreements between Eon and RWE," he said, among other things, as justification.
Now, participating companies want "fair" employees in the planned integration process as equitably as possible. "The principles and process of selection for the fair occupation of management positions have were also approved. "Other collective agreements on social support planned integrations would be prepared.
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