DGAP-Ad-hoc: innogy SE / Key word(s): Mergers & Acquisitions/Joint Venture
Due to adverse developments in the market and regulatory interventions, innogy SE and SSE plc decided to enter into negotiations on adjustments of the terms regarding the combination of their retail businesses in Great Britain as announced in November 2017. This may also result in additional direct or indirect financial contributions by each party. The parties currently still pursue the objective to combine their respective businesses and to enable the listing of the new company on the London Stock Exchange. The details of the required adjustments and their impact on the transaction structure as well as on the timing are still being analyzed and discussed.
Responsible person: Dr. Claudia Mayfeld, General Counsel of innogy SE
08-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange|
|End of Announcement||DGAP News Service|
743553 08-Nov-2018 CET/CEST