{"id":3282,"date":"2018-04-20T09:38:47","date_gmt":"2018-04-20T09:38:47","guid":{"rendered":"http:\/\/noti-america.com\/site\/alemania\/?p=3282"},"modified":"2018-04-20T09:38:47","modified_gmt":"2018-04-20T09:38:47","slug":"steag-expects-more-deals-in-germany-after-rwe-e-on-swap","status":"publish","type":"post","link":"https:\/\/noti-america.com\/site\/principal\/2018\/04\/20\/steag-expects-more-deals-in-germany-after-rwe-e-on-swap\/","title":{"rendered":"Steag expects more deals in Germany after RWE-E.ON swap"},"content":{"rendered":"
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ESSEN, Germany \u00a0– Local utility Steag expects more mergers and acquisitions in Germany\u2019s energy market following a landmark deal between E.ON (<\/span>EONGn.DE<\/a><\/span>) and RWE (<\/span>RWEG.DE<\/a><\/span>) to break up renewables and networks group Innogy (<\/span>IGY.DE<\/a><\/span>).<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\u201cThe energy sector is seeing the next step of consolidation,\u201d Steag\u2019s CEO Joachim Rumstadt said at the company\u2019s annual press conference on Thursday, adding utilities had realised the need to focus and not cover the complete value chain.<\/p>\n

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\u00a0Innogy\u2019s breakup, announced last month, will see RWE become Europe\u2019s second-biggest wind power player, while E.ON turns into the continent\u2019s largest power and gas networks group.<\/div>\n<\/div>\n

Rumstadt said there were foreign utilities in Germany looking to sell their coal-fired power plants while other power firms were interested in entering the German market, not disclosing any names.<\/p>\n

Sources previously told Reuters that France\u2019s Engie (ENGIE.PA<\/a><\/span>) was looking to sell its German power plants and that RWE was talking to local peer EnBW (EBKG.DE<\/a><\/span>) about some of its assets.<\/p>\n

Rumstadt also said that Steag, which is owned by seven municipalities in Germany\u2019s industrial Ruhr heartland in North Rhine-Westphalia, as well as some of its power plants had attracted outside interest including on possible partnerships, declining to comment further.<\/p>\n

RWE is not in talks with Steag about its power plant assets, a spokeswoman for the group said, confirming similar remarks to newspaper Rheinische Post.<\/p>\n

Steag saw its sales rise by about 8 percent to 3.6 billion euros (\u00a33.1 billion) last year, while its operating profit (EBIT) jumped 60 percent to 197 million euros. The group expects this year\u2019s EBIT to fall by about 30 percent, hit by lower profits in conventional power generation.<\/p>\n

Source: reuters<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

ESSEN, Germany \u00a0– Local utility Steag expects more mergers and acquisitions in Germany\u2019s energy market following a landmark deal between E.ON (EONGn.DE) and RWE (RWEG.DE) to break up renewables and networks group Innogy (IGY.DE)....<\/p>\n","protected":false},"author":33,"featured_media":3283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10219548024599422_1632221337088128":"","twitter_242054905_242054905":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[115,5],"tags":[],"class_list":["post-3282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alemania","category-economia"],"acf":[],"yoast_head":"\nSteag expects more deals in Germany after RWE-E.ON swap - Noti-America.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/noti-america.com\/site\/principal\/2018\/04\/20\/steag-expects-more-deals-in-germany-after-rwe-e-on-swap\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steag expects more deals in Germany after RWE-E.ON swap\" \/>\n<meta property=\"og:description\" content=\"ESSEN, Germany \u00a0– Local utility Steag expects more mergers and acquisitions in Germany\u2019s energy market following a landmark deal between E.ON (EONGn.DE) and RWE (RWEG.DE) to break up renewables and networks group Innogy (IGY.DE)....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/noti-america.com\/site\/principal\/2018\/04\/20\/steag-expects-more-deals-in-germany-after-rwe-e-on-swap\/\" \/>\n<meta property=\"og:site_name\" content=\"Noti-America.com\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-20T09:38:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/noti-america.com\/site\/principal\/wp-content\/uploads\/sites\/26\/2018\/04\/rwe.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"450\" \/>\n\t<meta property=\"og:image:height\" content=\"316\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo estimado de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minuto\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/04\/20\/steag-expects-more-deals-in-germany-after-rwe-e-on-swap\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/04\/20\/steag-expects-more-deals-in-germany-after-rwe-e-on-swap\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Steag expects more deals in Germany after RWE-E.ON swap\",\"datePublished\":\"2018-04-20T09:38:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/04\/20\/steag-expects-more-deals-in-germany-after-rwe-e-on-swap\/\"},\"wordCount\":294,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/04\/20\/steag-expects-more-deals-in-germany-after-rwe-e-on-swap\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/noti-america.com\/site\/principal\/wp-content\/uploads\/sites\/26\/2018\/04\/rwe.jpg\",\"articleSection\":[\"Alemania\",\"Econom\u00eda\"],\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/noti-america.com\/site\/principal\/2018\/04\/20\/steag-expects-more-deals-in-germany-after-rwe-e-on-swap\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/noti-america.com\/site\/principal\/2018\/04\/20\/steag-expects-more-deals-in-germany-after-rwe-e-on-swap\/\",\"url\":\"https:\/\/noti-america.com\/site\/principal\/2018\/04\/20\/steag-expects-more-deals-in-germany-after-rwe-e-on-swap\/\",\"name\":\"Steag expects more deals in Germany after RWE-E.ON swap - 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