Executives from the two energy giants have made their first major decisions regarding the planned integration of Innogy into E.ON.
The decisions look at organisational setups and innovation activities and include:
- The new integrated firm being named E.ON.
- ON regional suppliers and Innogy regional companies retaining their structure
- Organisational setup will remain customer-centric and be even more innovative
- ON to benefit from Innogy’s corporate culture
- A structure comparable to E.ON's regional utilities is to be established in Innogy's core supply area for operating units to continue to have as much room for maneuver and to be as close to customers as possible. For instance, Innogy's concession business Westnetz, its shareholdings in municipal utilities and its co-operation with municipalities will be integrated
- Corporate headquarters to be established and focus on key management tasks
Uwe Tigges, CEO of innogy: “The first joint decisions with E.ON regarding integration planning are the result of an open and constructive dialog. I’m confident that innogy’s strengths will live on in the new company.”
Innogy, E.ON and RWE in partnership with the Group Works Councils reached an Agreement in Principle on Collective Bargaining for Germany with the unions ver.di and IGBCE.
The final transaction will be realised upon the approval of the relevant antitrust and regulatory authorities.