RWE and E.ON are engaged in a complex asset swap. Following this asset swap, RWE will be primarily active in upstream electricity generation and wholesale markets, whereas E.ON will focus on the distribution and retail of electricity and gas.
In February 2019, the European Commission approved under the EU Merger Regulation the acquisition by RWE of the majority of E.ON’s renewable and nuclear electricity generation assets.
In September 2019, the European Commission approved the acquisition by E.ON of Innogy’s distribution and consumer solutions business as well as certain of its electricity generation assets from RWE under the swap deal.
Subsidiaries and affiliates