RWE completed the acquisition of 50.04% stake in innogy Grid Holding.

RWE, a German electric utilities company based in Essen, completed the acquisition of a stake in Czech distribution grid operator innogy Grid Holding. Financial terms were not disclosed. With this acquisition RWE takes a further step in implementing the agreed transaction with E.ON. It is also planned that E.ON will acquire the stake in IGH in connection with the planned takeover of innogy.