Germany's E.ON and RWE Agree $74 Billion Asset Swap

GALWAY, IRELAND--March 15, 2018--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--The ongoing upheaval in Germany's energy sector is about to undergo its biggest twist to date as Germany's largest power player E.ON SE (FWB:EOAN) (Düsseldorf) has agreed in principle with rival RWE AG (FWB:RWE) (Essen, Germany) to acquire RWE's 76.8% stake in innogy SE, the company's spun-off renewable energy business.

Within this article: Details large asset swap, refocusing of E.ON and RWE, value of deal and future priorities