DGAP-Adhoc: RWE Aktiengesellschaft: RWE and innogy conclude framework agreement to support RWE/E.ON transaction

2018. július 18., szerda, 23:13

DGAP-Ad-hoc: RWE Aktiengesellschaft / Key word(s): Agreement

RWE Aktiengesellschaft: RWE and innogy conclude framework agreement to support RWE/E.ON transaction

18-Jul-2018 / 23:13 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Essen, 18 July 2018 - Today, RWE and innogy concluded a legally binding framework agreement, according to which RWE and innogy will cooperate in the preparation and the implementation of the transaction agreed between RWE and E.ON on 12 March 2018,  comprising the sale of RWE"s 76,79 percent stake in innogy to E.ON and the swap of certain business activities (the "Transaction").

This includes in particular innogy"s support in obtaining merger clearance and other regulatory approvals. Further, innogy will, to the extent legally permissible, support RWE in the preparation of the transfer of innogy"s renewables business to RWE in the course of the Transaction and the integration in RWE. In this context it will also be checked, how the transfer of the renewables businesses from E.ON and innogy to RWE can be implemented as soon as possible after the transfer of RWE"s stake in innogy to E.ON. For the purpose of the preparation of the integration of the renewables business,  RWE and innogy will set up a joint integration committee led by RWE.

The parties have also agreed on a consultation process in order to maintain the value of innogy"s portfolio and to support the implementation of the Transaction.

The Transaction is still subject to merger clearance. The cooperation between RWE and innogy is limited to the legally permissible extent and shall in particular be performed in compliance with the fiduciary duties of RWE"s and innogy"s managements.

Disclosed by Dr Ulrich Rust, General Counsel

18-Jul-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: RWE Aktiengesellschaft

Altenessener Str. 35

45141 Essen

Phone: +49 (0)201-5179 0
Fax: +49 (0)201-5179 5005
E-mail: invest@rwe.com
Internet: www.rwe.com
ISIN: DE0007037129, DE0007037145, , Weitere ISINs von Fremdkapital- und Hybridanleihen sind unter http://www.rwe.com/web/cms/de/1775762/rwe/investor-relations/anleihen/finanzierungsinstrumente/rwe-anleihen-im-ueberblick/, aufgelistet.,
WKN: 703712, 703714, , Weitere WKNs von Fremdkapital- und Hybridanleihen sind unter http://www.rwe.com/web/cms/de/1775762/rwe/investor-relations/anleihen/finanzierungsinstrumente/rwe-anleihen-im-ueberblick/ aufgelistet.
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange

End of Announcement DGAP News Service

705715  18-Jul-2018 CET/CEST

Tilos a hír bármilyen adatbázisba történő mentése vagy annak továbbítása harmadik fél számára;kereskedelmi viszonylatban vagy kereskedelmi céllal csak a Deutsche Gesellschaft für Ad-hoc-Publizität mbh írásos engedélyével történhet.