āE.ON denies speculation over sale of grid businessā
dpa/Reuters
German utility E.ON has denied rumours it is considering selling parts of its grid business, the dpa news agency reports. E.ON instead aimed to āsuccessfully implementā its strategy agreed on during the last annual shareholdersā meeting, dpa quoted an E.ON-spokesperson as saying. This consists of the three segments: grids, renewables and customer services, he said. Previously, the newspaper Wirtschaftswoche reported that E.ONās CEO Johannes Teyssen had reviewed the partial sale of the utilityās grid due to lowered returns, which was followed by a rise in the companyās stock price.
Read the dpa article in German in Frankfurter Rundschau and a Reuters story in English
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