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Eon wants to take control of Innogy. RWE must receive shares of Energieriesens.
Essen, Düsseldorf 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. It has been agreed that "equitable integration process".
Innogy's boss, Uwe Tigges, said: "Given the fact that Innogy is acquired, we have done the best job possible for our employees." Companies therefore want to treat their employees fairly and equitably, regardless of their integration. to which company they belong. By May, Tigges had demanded binding commitments for a balanced integration process.
In addition, the strengths of the respective companies should be taken into account. Other collective bargaining on social support plans would be prepared on the basis of the basic agreement of the three companies with the employee representatives of the month of May. At that time, operational redundancies were virtually excluded.
The two energy giants Eon and RWE want to destroy the subsidiary of RWE Innogy until the end of next year and redistribute the company. Initially, Eon Innogy wants to take over completely and, in return, RWE participates in about 17% of its own business. Eon offers minority shareholders EUR 38.40 per share – including the expected dividend of EUR 1.64 for 2018. The offer in cash is therefore EUR 36.76 per share
Eon will retain the lucrative Innogy network and its electricity distribution, thus becoming one of the largest public utilities in Europe. Under the aegis of RWE, the renewable energies of both groups will be united.
The merged group will supply 50 million customers and operate a network of approximately 1.5 million kilometers in length.
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