E.On is to split its activities to create two companies, one in commodities and conventional power generation, which it will dispose of, and a second in regulated or quasi-regulated industries (including renewables) and energy retail. The company said up to now it had tried to make the best of having both types of activity in a broad-based company, but it had concluded the activities were “too distinct” for that to be successful.
The split will take place over the next 18 months and E.On will eventually dispose entirely of the power and commodities business.