Germany’s Energy Giants Place Opposing Bets in $27 Billion Deal

Germany’s largest energy companies set out opposing views on how to profit from selling electricity in their 22 billion-euro ($27 billion) reshuffling of the industry.

In the second major restructuring of the utility business in as many years, EON SE and RWE AG are struggling to cope with Chancellor Angela Merkel’s drive to slash fossil fuel pollution and spur clean power generation that cost them billions in writedowns.

Published in Bloomberg, 14th March, 2018