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yesterday, 10:00
Author:
Alex Ciutacu
Innogy announced that it has signed two legal agreements with E.ON and RWE to move towards a seamless integration process. By accepting, Innogy agrees to break up the business into pieces to facilitate the exchange of assets between the two giants, according to Reuters.
The agreements mark an important step towards the completion of the agreement between RWE and E.ON, which represents the end of Innogy as an independent company. listed on the stock exchange. Strategic moves among German energy giants present in Romania: E.ON takes over RWE's transmission and distribution networks, and RWE brings together part of the renewable energy production of both companies
"The agreements with E.ON and RWE pave the way for a real process of integration in equal terms, which will lead to constructive collaboration in the future," said Uwe Tigges, CEO of Innogy, in a joint statement with E.ON and RWE.
"Since Innogy is bought back, we have negotiated the best possible deal for our employees," he adds.
Companies have reached an agreement to treat all employees fairly and equitably as part of the integration process, regardless of the company they work for.
E.ON and Innogy also agreed to select senior executives of the new structure in a fair and transparent manner [19659003] RWE, which holds 76.8% of Innogy since 2016, reached an agreement in March with E.ON, Innogy's competitor. E.ON announced that it will draw about 5,000 people as part of the deal
In May, companies announced that they found a framework to try to separate Innogy without generating unemployed [19659003]
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