Deals
German Energy Faces Turbulence as CEOs Prepare for Deals
- RWE considering all options for Innogy, CEO Schmitz says
- Utilities seen more attractive after German nuclear accord
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After last year’s unprecedented shakeup, anyone who thought the German energy industry was in for a quieter time 2017 is likely to be disappointed.
After the break up of the country’s two biggest utilities, there are more deals on the way. Engie SA of France is weighing a bid for Innogy SE, while its majority owner RWE AG is considering all options, including making acquisitions of its own. The utilities have appointed advisers to shape strategy in the new energy world where renewables are king.