E.ON reports net loss of €3.03 billion

E.ON has reported a net loss of €3.03 billion (£2.57bn) in the first six months of this year. The German firm  stated it took an impairment charge of €3.08 billion (£2.61bn) for Uniper, its spin-off company, including €2.9 billion (£2.4bn) in write-downs on power stations and gas storage facilities and €900 million (£765m) in provisions. In […]

E.ON asks shareholders to back spin-off firm

E.ON has asked shareholders to vote in favor of its spin off firm. In January, the German energy company announced plans to separate its hydro, natural gas and coal plants as well as global energy trading operations into a separate company named Uniper. They need to be approved by a majority of at least 75% of […]

E.ON splits renewables and fossil fuels operations

E.ON has reorganised its business to focus on renewables, energy networks and customer solutions. Germany’s energy giant has separated its hydro, natural gas and coal plants as well as global energy trading operations in a separate company named Uniper. It will operate independently and aims to ensure security of energy supply, said E.ON. The company made the […]