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German power deal sets template for EU utilities M&A

Reuters  |  PARIS 

By Geert De ClercqPARIS (Reuters) - An all-German deal to split Innogy between RWE and E.ON looks set to create a template for European utilities M&A that includes the demise of the integrated model, no more big cross-border deals and a quest for emerging market growth. Under the deal, announced on Sunday, German utility RWE will combine the renewables businesses of rival E.ON with Innogy's, while E.ON will acquire Innogy's regulated energy networks and customer operations.The deal continues the break-up of E.ON and RWE, which were two vertically integrated utilities before they split ...

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First Published: Tue, March 13 2018. 01:26 IST