Germany's biggest utility announced plans on Sunday to split in two after a prolonged period of weak energy demand. E.ON’s new entity’s prospects are bleak, says Breakingviews.
We see this as an extremely brains. But aggressive move by. I'm let's get some. Breaking news take on the sort of stop my desire written something about it. I'm joins me now at that lets us that it would actually trust if you could lay out exactly what I what are you onus is on Wednesday. Yes what they've they've basically put all their conventional Paul on Scola graphs and you can now. Placer Russian business the president in business. Continue into you which would be spun off to Charlotte Austin and actually they sheriffs were good the majority of shaft. You know we're keeper smallest it's more of a minority stake which it may want to sit on its wrong. Now I mentioned obviously capital markets the end extremely brave but progressive familiar arm that showed that shows up. What 6% of the stars ruffle percent of time now the market clearly the like access to a degree you're worried about the new instance prospects. Yes I mean they've dreaded it really would be young to move was really reflecting the bleak all outlook for conventional point and arson in Germany and and why are you protests coming in the press row from. Three new groups first and foremost. And I mean it it's good that young and it says don't have to bother with this anymore what I mean that the fundamental. I'll look remains to fame for the new entities and it is basically facing. Managed to time a lot of these John on the owning the cost of capital on an island and there isn't any any structural change and and and you know. So let that that being sign optimistic two fingers rounds gonna jump on assumptions. Well I mean. Shareholders on Don. Are you. To log off from home to them that young so this really bode movers service is seen as. As a real effort to it took time to earn a fortune to Rawlins told the assists were probably the hope there's three reflected in Anderson. Yes. June and chipping is gonna solid trend and they sort of integrates it term. Utility companies. Well I mean it. About 105 this leadership to which has already known to wants to send its German. Earth closer. You ignore it to Paul Johnson and and and and mining business. Would draw WE it's just harder to to predict because they had they have these huge political influence there they are partly owned fire. For local constituencies slocum Chris cities. And it's it's hard to imagine that they would settle in were. Colonel Paul Tompkins. IJ just presented you feel. Posits ever prowl the existing business and what they what the real polls and what they want to do with would never gonna pop generation. Yes I mean they did that they're the biggest serves third center Chad at the moment this as they're group's business which is is I mean it's in neither group could continue wearing. We're very Yuba pause and then then that would be a lot of investment into the group so descendants it's becoming even more crucial and and and new poll was. So that's a good thing too and growing when you respects and Islam. Forget the last many thanks vacancy yet read all of these on the breaking news web sites. That's it for me I'm axle problems rises.