30.07.2018
E.ON SE DE000ENAG999
DGAP-News: E.ON SE: E.ON successfully completes voluntary public takeover offer
DGAP-News: E.ON SE / Key word(s): Mergers & Acquisitions
E.ON SE: E.ON successfully completes voluntary public takeover offer
30.07.2018 / 11:34
The issuer is solely responsible for the content of this announcement.
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July 30, 2018
E.ON successfully completes voluntary public takeover offer
* Acceptance rate of 9.4 percent after expiration of the additional
offer period
* Total share of innogy held by E.ON after completion of the
transaction of 86.2 percent
* Preparation of the integration in transparent and fair way in
cooperation with innogy
E.ON has successfully completed the voluntary public takeover offer to
innogy minority shareholders .At the end of the additional acceptance period
on July 25, 2018, 9.4 percent of shareholders decided to sell their innogy
shares to E.ON. Including RWE's 76.8 percent stake in innogy, E.ON will hold
86.2 percent of the innogy shares upon completion of the transaction,
subject to receipt of official approvals. E.ON therefore does not expect
completion before mid-2019.
Marc Spieker, CFO of E.ON: "We are very satisfied with the result. The
agreed acquisition of RWE's majority stake will already provide us with the
necessary means to integrate innogy into E.ON once the transaction has been
completed. We are very pleased that we were able to convince many additional
innogy shareholders of our offer." Spieker also pointed out that, as
expected, some funds could not tender their shares due to internal
restrictions, for example index-linked funds that contain innogy shares.
With the successful result of the voluntary public takeover offer, E.ON now
intends to take the next steps towards implementation of the transaction.
"We are very pleased that we will soon be able to prepare the integration
planning together with colleagues from innogy", says Spieker. Mid July, E.ON
signed an agreement with innogy to cooperate on the planned integration. "We
want to and will work openly, transparently and fairly with innogy to create
together a new E.ON that is fully customer-oriented with intelligent
networks and innovative customer solutions. On the one hand, we will
continue to leverage the synergy potential of EUR600 to EUR800 million and
on the other hand, we will tap growth potential for the new E.ON," Spieker
underlined.
This press release may contain forward-looking statements based on current
assumptions and forecasts made by E.ON Group Management and other
information currently available to E.ON. Various known and unknown risks,
uncertainties, and other factors could lead to material differences between
the actual future results, financial situation, development or performance
of the company and the estimates given here. E.ON SE does not intend, and
does not assume any liability whatsoever, to update these forward-looking
statements or to align them to future events or developments.
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30.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: E.ON SE
Brüsseler Platz 1
45131 Essen
Germany
Phone: +49 (0)201-184 00
E-mail: [email protected]
Internet: www.eon.com
ISIN: DE000ENAG999
WKN: ENAG99
Indices: DAX, EURO STOXX 50
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated
Unofficial Market in Tradegate Exchange
End of News DGAP News Service
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709027 30.07.2018
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