INNOGY SE (FRA:DE000A2A) innogy SE: Terms of the proposed transaction to combine innogy's and SSE's retail businesses in Great Britain require adjustments

Transparency directive : regulatory news

08/11/2018 19:41

DGAP-Ad-hoc: innogy SE / Key word(s): Mergers & Acquisitions/Joint Venture
innogy SE: Terms of the proposed transaction to combine innogy's and SSE's retail businesses in Great Britain require adjustments

08-Nov-2018 / 19:41 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Due to adverse developments in the market and regulatory interventions, innogy SE and SSE plc decided to enter into negotiations on adjustments of the terms regarding the combination of their retail businesses in Great Britain as announced in November 2017. This may also result in additional direct or indirect financial contributions by each party. The parties currently still pursue the objective to combine their respective businesses and to enable the listing of the new company on the London Stock Exchange. The details of the required adjustments and their impact on the transaction structure as well as on the timing are still being analyzed and discussed.

Responsible person: Dr. Claudia Mayfeld, General Counsel of innogy SE


08-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: innogy SE
Opernplatz 1
45128 Essen
Germany
Phone: +49 (0)201-12-00
E-mail: invest@innogy.com
Internet: www.innogy.com
ISIN: DE000A2AADD2
WKN: A2AADD
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange

 
End of Announcement DGAP News Service

743553  08-Nov-2018 CET/CEST

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