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E.On gets conditional EU approval for Innogy deal

By Michael Acton and Natalie McNelis ( September 17, 2019, 08:00 GMT | Insight) -- E.On has secured conditional approval from the EU for its acquisition of Innogy’s grid and retail operations, part of a broader asset-swap deal with RWE. The deal is conditional on E.On selling off its electricity retail business in Hungary and Innogy’s electricity and gas retail businesses in the Czech Republic, as well as E.On divesting some 250,000 electricity-heating customers in Germany and 34 electric-charging stations located on German highways.E.On has secured conditional approval from the EU for its acquisition of Innogy’s grid and retail operations, part of a broader asset-swap deal with RWE....

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