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RWE agrees in principle to sell Innogy stake to E.On​
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RWE agrees in principle to sell Innogy stake to E.On​

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RWE agrees in principle to sell Innogy stake to E.On​

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FRANKFURT – German utility RWE (RWEG.DE) on Sunday said it has reached an agreement in principle to sell a 76.8 percent stake in Innogy (IGY.DE) to German rival E.On (EONGn.DE).

RWE’s Innogy stake will be valued at 40.00 euros ($49.22) per share, including the expected dividends of 3.24 per share in total for the fiscal years 2017 and 2018, RWE said.

Source: in.reuters

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