āGerman power companies: Breaking badā
When RWE and E.ON both split their their fossil fuel-based and their new energy technology businesses into separate companties, it was evidence that the German Energiewende āhas dealt a huge jolt to the business model of what were once two of Europeās most highly regarded utilities,ā writes The Economist. There are āplenty have reservations about the coming [stock market] listingsā of RWEās Innogy and E.ONās Uniper, according to The Economist. ā[E.ONās] Mr Teyssen prefers to see his company not as a dinosaur fighting extinction, but as a birdāthe descendant of a dinosaurāflying into a bright future. Provided, that is, it doesnāt crash into a power pylon,ā the magazine writes.
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Find background information in the Āé¶¹ĪŽĀė°ę factsheets E.ON shareholders ratify energy giant's split and RWEās plans for new renewable subsidiary.