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E.ON offers to sell Hungarian, Czech businesses to allay EU worries over Innogy bid

E.ON offers to sell Hungarian, Czech businesses to allay EU worries over Innogy bid
FILE PHOTO: Johannes Teyssen, CEO of German utility E.ON arrives on stage for the company's annual shareholder meeting in Essen, Germany, May 14, 2019. REUTERS/Wolfgang Rattay -
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Wolfgang Rattay(Reuters)
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DUESSELDORF (Reuters) – German energy group E.ON has offered to sell parts of its Hungarian electricity business to address EU antitrust concerns over its bid for rival Innogy’s network and retail assets, its chief executive said on Monday.

In another concession to the European Union, E.ON offered to sell Innogy’s gas and power business in the Czech Republic, E.ON CEO Johannes Teyssen said at an event in Berlin.

(Reporting by Tom Kaeckenhoff; Writing by Tom Sims; Editing by Jan Harvey)

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