E.ON Sells Italian Hydro Assets for $1 Billion

GALWAY, IRELAND--August 17, 2015--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) German energy giant E.ON AG (OTC:EONGY) (Dusseldorf, Germany) has agreed to sell off its Italian hydropower assets to Italian energy group ERG (Genoa, Italy) in a deal worth about 950 million euro ($1 billion).