RWE ’s acquisition of the renewables operations of EON and Innogy has been given pending Commission approval . The German company has also been allowed to buy 16.7 % of shares by the German Federal Cartel Office . r CFO Markus has said approval was another milestone in the company ’s plans to become a leading renewable energy player . Also , RWE will acquire EON ’s remaining stakes in the Emsland and Gundremmingen nuclear power stations together with Innogy ’s gas storage operation and its stake in Austrian utility Kelag .
RWE’s acquisition of the renewables operations of EON and Innogy has been given European Commission approval. The German company has also been allowed to buy 16.7% of EON by the German Federal Cartel Office. RWE CFO Markus Krebber said approval was another milestone in the company’s plans to become a leading renewable energy player. Also, RWE will buy EON’s minority stakes in the Emsland and Gundremmingen nuclear power stations together with Innogy’s gas storage operation and its shareholding in Austrian utility Kelag.