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
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.