BERLIN (Reuters) – German utilities company E.ON (DE:) will sell its entire end-customer electricity and gas business in the Czech Republic to Hungarian grid operator MVM, E.ON said in a statement on Saturday.
The Czech business belonged to Innogy
The business being sold has 1.2 million gas customers and 0.4 million electricity customers.
“This transaction marks the final step in the fulfillment of the remedies offered by E.ON in the context of the antitrust approval of E.ON’s takeover of Innogy,” E.ON said.
No financial details were disclosed.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.