German power group Innogy makes muted market debut



Shares in Innogy, comprising the healthier assets of struggling power group RWE, hovered around their issue price in their stock market debut on Friday after Germany's largest listing in 16 years.
Innogy, valued at roughly 20 billion euros (17.96 billion pounds), bundles the networks, renewables and retail business of RWE, Germany's second-largest utility. Power generation and energy trading stay with RWE.
The stock started trading at 37.30 euros, above an issue price of 36 euros, but dipped as low as 35.95 euros in early business. They stood at 36.2 euros at 0910 GMT, while RWE, which... read more

 
7 October 2016 in Business, Views: 36
Source: Reuters
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