E.ON sells innogy’s electricity and gas retail business in the Czech Republic to MVM Group

Fulfilment of remedies related to the antitrust approval of E.ON’s takeover of innogy

07/11/2020

German Energy Company E.ON SE and MVM Group today signed an agreement regarding the sale of innogy SE’s entire electricity and gas retail business in the Czech Republic, innogy Ceska republika a.s., for an undisclosed amount.

The transaction is subject to the approval of the European Commission and is expected to close before year-end. innogy is currently supplying 1.2 million gas customers and 0.4 million electricity customers in the Czech Republic.

This transaction marks the final step in the fulfilment of the remedies offered by E.ON in the context of the antitrust approval of E.ON’s takeover of innogy. E.ON has previously entered into agreements for the sale of a significant part of E.ON’s German heating electricity business, part of E.ON’s electricity retail business in Hungary and regarding the discontinuation of the construction and operation of a number of electric-vehicle charging stations on motorways in Germany. 

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.