Energetický a prumyslový holding, a.s. (EPH) has found a major ally for its bid to acquire Czech activities of innogy SE (XTRA:IGY) from E.ON SE (XTRA:EOAN). EPH is understood to be planning to team up with TOTAL S.A. (ENXTPA:FP). The E.ON Group is selling the assets of Innogy in order to meet the conditions of the European Commission.

Both EHP spokesperson Daniel Castvaj and E.ON spokesperson Christian Drepper declined to comment on a potential bid by EPH and Total. In addition to EPH, a final bidding offer has been submitted KKCG SE, Sev.en Energy AG and MVM Magyar Villamos Muvek Zrt.