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Innogy shares surge after German utilities shake-up

Reuters  |  ESSEN, Germany 

By Christoph Steitz and Tom KäckenhoffESSEN, Germany (Reuters) - Plans to carve up Innogy between parent RWE and rival E.ON added 4.3 billion euros ($5.3 billion) to the market value of Germany's three largest energy utilities on Monday.Germany's power companies are reshaping as they look to boost green energy output, shift away from fossil fuels and prepare for Germany's exit from nuclear power in 2022.The changes will turn RWE into one of Europe's largest renewable players and at the same time create one of the continent's top grid and energy retail groups under the aegis of ...

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First Published: Mon, March 12 2018. 23:42 IST