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E.ON sets cash compensation for innogy's remaining minority shareholders

In connection with E.ON SE's planned "merger squeeze-out" of innogy SE into its E.ON Verwaltungs SE unit, the company informed the innogy board that the appropriate cash compensation to be paid to innogy's remaining minority shareholders is €42.82 per share.

E.ON holds 90% of all innogy shares through E.ON Verwaltungs, according to the Jan. 16 release.

The conclusion of the deal between innogy and E.ON Verwaltungs to implement the merger squeeze-out is expected to take place Jan. 22.

Meanwhile, the extraordinary general meeting of innogy that will resolve the transfer of the remaining minority shares will take place on March 4, after which the merger will become effective.

E.ON SE closed the purchase of a 76.8% stake in innogy from RWE AG in September 2019, after securing approval from the European Commission.