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E.ON CEO confident Innogy deal will clear regulatory hurdles

Reuters  |  ESSEN, Germany 

ESSEN, Germany (Reuters) - E.ON Chief Executive Johannes Teyssen said on Tuesday he was confident that regulators would approve a plan to split up peer RWE's Innogy business, creating two strong energy sector players out of three companies.Some antitrust sources and politicians have come out in support of the Innogy 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 news conference that he was also confident that regulators would approve the planned sale of E.ON's 46.65 percent ...

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