E.ON: innogy shareholders approve squeeze-out
(CercleFinance.com) - German energy group E.
ON said late on Wednesday that innogy shareholders have approved the squeeze-out resolution that it has submitted.
Minority shareholders will now be transferred to the majority shareholder E.ON in return for 42.82 euros per innogy share as compensation, the utility giant said in a statement.
The squeeze-out under merger law will become effective upon entry into the commercial register, meaning that innogy will then become a wholly-owned subsidiary that is fully integrated into E.ON.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
ON said late on Wednesday that innogy shareholders have approved the squeeze-out resolution that it has submitted.
Minority shareholders will now be transferred to the majority shareholder E.ON in return for 42.82 euros per innogy share as compensation, the utility giant said in a statement.
The squeeze-out under merger law will become effective upon entry into the commercial register, meaning that innogy will then become a wholly-owned subsidiary that is fully integrated into E.ON.
Copyright (c) 2020 CercleFinance.com. All rights reserved.