By Max Bernhard
The European Union said Tuesday that it cleared E.ON SE acquisition of Innogy SE under the condition that E.ON complies with a remedy package it has offered to get the German utility deal greenlighted.
E.ON is acquiring the distribution and consumer-solutions business as well as certain of electricity-generation assets from Innogy, which is controlled by RWE AG.
To address the commission's competition concerns, E.ON offered to divest most of its heating-electricity customers in Germany and to discontinue the operation of 34 electric-charging stations on German motorways, the EU's antritrust body said.
The offered remedies also include the divestment of E.ON's business in the retail supply of electricity to unregulated customers in Hungary and Innogy's entire business in the retail supply of electricity and gas in the Czech Republic.
Write to Max Bernhard at firstname.lastname@example.org; @mxbernhard