E.ON reaches another milestone in the integration of innogy

Extraordinary general meeting of innogy SE clears the way for a squeeze-out under merger law

03/04/2020

E.ON has taken a significant step forward in the planned full integration of innogy. The Extraordinary General Meeting of innogy SE in Essen today approved the squeeze-out of the minority shareholders of innogy SE. Accordingly, the shares of the minority shareholders will be transferred to the majority shareholder E.ON SE in return for an appropriate cash compensation. The minority shareholders will receive €42.82 per innogy share as compensation. A court-appointed expert auditor has confirmed, in accordance with the requirements of the German Stock Corporation Act, that the cash compensation determined is appropriate.

The squeeze out under merger law will become effective upon entry in the Commercial Register. Innogy will then become a wholly owned subsidiary and can be fully integrated into the E.ON Group.

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.