RWE has refused to comment on press reports that third parties are preparing “a possible takeover” of its Innogy business.
The German company said it would not respond to “market rumours”. Reports linked French utility Engie with a potential swoop for the spin-off.
RWE “clarified” that in 2015 it decided in connection with the IPO of Innogy that it “can in principle” sell shares up to the value of 49% in the company.
“There are no further corporate decision in place in this context.”
In full-year results, RWE said the successful IPO of Innogy had put the company back on a sound financial footing.
Image: Innogy assets include the Gwynt y Mor wind farm (RWE)
RWE ducks Innogy takeover talk
Reports suggest French utility Engie could pounce before end of week
By EBS