RWE Acquires 49% Stake in Slovakian Electricity Company in Innogy Deal
21 August 2019 - 5:29PM
Dow Jones News
By Antonia Di Lorenzo
RWE AG (RWE.XE) said Wednesday it has acquired a 49% stake in
Slovakia's Vychodoslovenska Energetika Holding AS, or VSEH, from
Innogy SE (IGY.XE).
Both parties agreed not to disclose the sum, the German electric
utility company said.
VSEH is a holding company whose subsidiaries mainly engage in
electricity supply and distribution in Slovakia.
The Essen, Germany-based company struck an asset-swap deal last
year with E.ON SE (EOAN.XE) to split the assets of Innogy, a RWE
spinoff and subsidiary. The acquisition of the VSEH stake is part
of the deal, RWE said.
Write to Antonia Di Lorenzo at antonia.dilorenzo@wsj.com;
@AntoniaDL89
(END) Dow Jones Newswires
August 21, 2019 11:14 ET (15:14 GMT)
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