Investors question previous split after division of innogy between RWE and E.ON
Reuters
After the announced split-up of German utility innogy between its parent company RWE and competitor E.ON, investors question whether the previous split of innogy from RWE was necessary, news agency Reuters reports. Old mantras about the future of the German energy market were 鈥�thrown out of the door鈥�, portfolio manager Martijn Olthof told Reuters. In the context of its stock market listing in 2016, innogy spent between 40 and 60 million euros on advertisements alone but is now losing its independence after less than two years, the article says.
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