- Published: 01 December 2014 01 December 2014
E.ON will focus on renewables, distribution networks, and customer solutions and combine its conventional generation, global energy trading, and exploration and production businesses in a new, independent company (“New Company”), a majority of which will be spun off to E.ON SE shareholders.
In 2015 E.ON will take necessary preparatory steps for the New Company’s public listing. About 40,000 employees will be assigned to the distinctly focused company. It will take new approaches to further developing each of its three core businesses. For this purpose E.ON will increase its investments already for the next year by about €0.5 billion compared to the previously planned 2015 capex of €4.3 billion. E.ON will place a particular emphasis on expanding its wind business in Europe and in other selected target markets. It will also strengthen its solar business. It will upgrade its energy distribution networks in its European markets and also in Turkey and make them smarter. E.ON expects to carry out the spinoff after approval by the E.ON Shareholders Meeting in 2016.