E.On, RWE sell Enovos stakes

24 December 2015

Luxembourg and investment company Ardian have signed an agreement with E.On and RWE to purchase the German utilities' shares in Enovos International.

The agreement covers E.On's 10 per cent holding and RWE's 18 per cent stake in the Luxembourg firm, which is the parent company Enovos Group, whose activities include energy supply and grid management in Luxembourg and Germany.

The deal is expected to close in the first quarter of 2016, E.On and RWE said in a joint statement.

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