RWE and Engie are considering an alliance which would see RWE swap a stake in its renewables and grids spin-off Innogy for a minority interest in Engie, Reuters has reported. The utilities have discussed possible deals with advisors and bankers although there are no active talks between senior executives, according to four unnamed banking sources quoted by the news agency. The sources said a marriage between the European energy giants would not take place before the German elections in September. However, one went on to say that because no plants would be closed as part of a deal, it could otherwise proceed very swiftly.
Utility Week 22nd May 2017 read more »