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RWE pledges higher dividends after Innogy break-up deal

Reuters  |  ESSEN, Germany 

By Christoph Steitz and Tom KäckenhoffESSEN, Germany (Reuters) - German utility RWE on Tuesday promised shareholders higher payouts following a landmark deal to break up its Innogy business and split its assets with rival E.ON to become Europe's third-largest renewables player.RWE carved out and listed Innogy in 2016, hoping to extract more value from its networks and renewables assets, the most promising areas of the crisis-ridden utility sector. Since then, it tried to find a buyer for its remaining 76.8 percent stake.The deal with E.ON, announced on Sunday, will result in RWE gaining ...

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First Published: Tue, March 13 2018. 13:10 IST