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E.ON CEO confident Innogy deal will clear regulatory hurdles

Reuters  |  ESSEN, Germany 

ESSEN, (Reuters) - said on Tuesday he was confident that regulators would approve a plan to split up peer business, creating two strong sector players out of three companies.

Some antitrust sources and politicians have come out in support of the plan, arguing there is enough competition in the areas of thermal and renewable generation, networks and distribution to avoid market domination.

Teyssen said at a conference that he was also confident that regulators would approve the planned sale of E.ON's 46.65 percent stake in Uniper, the unit bundling conventional it spun off, to Finnish peer

Proceeds of this transactions are meant to go some way towards funding the planned carve-up of

(Reporting by and Chris Steitz; Editing by Maria Sheahan)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 13 2018. 15:45 IST