Obligation E.nova 0.75% ( XS1829217428 ) en EUR

E.nova

100 % ▼

Allemagne

XS1829217428 ( en EUR )

0.75% par an ( paiement annuel )

30/11/2022 - Obligation échue

Prospectus brochure de l'obligation E.ON XS1829217428 en EUR 0.75%, échue

1 000 EUR

750 000 000 EUR

E.ON est une entreprise énergétique internationale opérant dans la production, le transport, la distribution et la vente d'énergie, notamment l'électricité et le gaz naturel.

L'Obligation émise par E.nova ( Allemagne ) , en EUR, avec le code ISIN XS1829217428, paye un coupon de 0.75% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 30/11/2022

Debt Issuance Programme Prospectus
dated 13 April 2018
This document constitutes two base prospectuses for the purposes of Article 5.4 of the Prospectus Directive and the
Luxembourg law relating to prospectuses for securities of 10 July 2005, as amended, (Loi relative aux prospectus pour valeurs
mobilières) (the "Luxembourg Law"), which implements Directive 2003/71/EC of the European Parliament and the Council of
4 November 2003, as amended (the "Prospectus Directive"): (i) the base prospectus of innogy SE in respect of non-equity
securities within the meaning of Art. 22 No. 6 (4) of the Commission Regulation (EC) No. 809/2004 of 29 April 2004, as
amended ("Non-Equity Securities") and (ii) the base prospectus of innogy Finance B.V. in respect of Non-Equity Securities
(together, the "Debt Issuance Programme Prospectus" or the "Prospectus").

innogy SE
(Essen, Federal Republic of Germany)
as Issuer and, in respect of Notes issued by
innogy Finance B.V., as Guarantor
innogy Finance B.V.
(´s-Hertogenbosch, The Netherlands)
as Issuer
20,000,000,000
Debt Issuance Programme
(the "Programme")
The payments of all amounts due in respect of Notes issued by innogy Finance B.V. will be unconditionally and irrevocably
guaranteed by innogy SE.
Application has been made to the Luxembourg Commission de Surveil ance du Secteur Financier (the "Commission"), which
is the Luxembourg competent authority for the purpose of the Prospectus Directive, for its approval of this Prospectus.
Application has been made to list Notes issued under the Programme on the official list of the Luxembourg Stock Exchange
and to trade Notes on the Regulated Market "Bourse de Luxembourg" (the "Regulated Market"). The Luxembourg Stock
Exchange's Regulated Market is a regulated market for the purposes of the Market in Financial Instruments Directive
2014/65/EU, as amended ("MiFID II"). Notes issued under the Programme may also be listed on the Frankfurt Stock Exchange
or may not be listed at all.
Each Issuer has requested the Commission in its capacity as competent authority under the Luxembourg Law to provide the
competent authorities in the Federal Republic of Germany ("Germany"), The Netherlands, the Republic of Austria, and the
United Kingdom of Great Britain and Northern Ireland with a certificate of approval attesting that the Prospectus has been
drawn up in accordance with the Luxembourg Law ("Notification"). Each Issuer may request the Commission to provide
competent authorities in additional Member States within the European Economic Area with a Notification. By approving a
prospectus, the Commission shall give no undertaking as to the economic and financial soundness of the operation or the
quality or solvency of the issuer pursuant to Article 7(7) of the Luxembourg law on prospectuses for securities.

Arranger and Dealer
Deutsche Bank

This Prospectus will be published in electronic form on the website of the Luxembourg Stock Exchange (www.bourse.lu) and
on the website of innogy Group (www.innogy.com). This Prospectus is valid for a period of twelve months after its approval.

2

RESPONSIBILITY STATEMENT
innogy SE ("innogy", "innogy SE" or the "Guarantor", together with its consolidated group companies,
the "innogy Group") with its registered office in Essen, Federal Republic of Germany and innogy Finance
B.V. ("innogy Finance") with its registered office in 's-Hertogenbosch, The Netherlands (herein each also
called an "Issuer" and together the "Issuers") accept responsibility for the information given in this
Prospectus and for the information which will be contained in the Final Terms (as defined herein).
Each Issuer hereby declares that, having taken al reasonable care to ensure that such is the case, the
information contained in this Prospectus for which it is responsible is, to the best of its knowledge, in
accordance with the facts and contains no omission likely to affect its import.
NOTICE
This Prospectus should be read and understood in conjunction with any supplement hereto and with any
other documents incorporated herein by reference. Full information on the Issuers and any tranche of
Notes is only available on the basis of the combination of the Prospectus and the relevant Final Terms (as
defined herein).
Each Issuer has confirmed to the Dealers (as defined herein) that this Prospectus contains all information
which is necessary to enable investors to make an informed assessment of the assets and liabilities,
financial position, profit and losses and prospects of the Issuers and the rights attaching to the Notes
which is material in the context of the Programme; that the information contained herein with respect to the
Issuers and the Notes is accurate and complete in all material respects and is not misleading; that any
opinions and intentions expressed herein are honestly held and based on reasonable assumptions; that
there are no other facts with respect to the Issuers or the Notes, the omission of which would make this
Prospectus as a whole or any of such information or the expression of any such opinions or intentions
misleading; that the Issuers have made all reasonable enquiries to ascertain all facts material for the
purposes aforesaid.
Each Issuer and the Guarantor has undertaken with the Dealers to supplement this Prospectus or publish
a new Prospectus (i) if and when the information herein should become materially inaccurate or
incomplete and (ii) in the event of any significant new factor, material mistake or inaccuracy relating to the
information included in this Prospectus in respect of Notes issued on the basis of this Prospectus which is
capable of affecting the assessment of the Notes and where approval of the Commission of any such
document is required, to have such document approved by the Commission.
No person has been authorised to give any information which is not contained in or not consistent with this
Prospectus or any other document entered into in relation to the Programme or any information supplied
by any Issuer or any other information in the public domain and, if given or made, such information must
not be relied upon as having been authorised by the Issuers, the Dealers or any of them.
To the extent permitted by the law of any relevant jurisdiction, neither the Arranger nor any Dealer nor any
other person mentioned in this Prospectus, excluding the Issuers and the Guarantor, is responsible for the
information contained in this Prospectus or any supplement hereto, or any Final Terms or any document
incorporated herein by reference, and accordingly, and to the extent permitted by the laws of any relevant
jurisdiction, none of these persons accepts any responsibility for the accuracy and completeness of the
information contained in any of these documents.
This Prospectus is valid for 12 months after its approval and this Prospectus and any supplement hereto
as well as any Final Terms reflect the status as of their respective dates of issue. The delivery of this
Prospectus or any Final Terms and the offering, sale or delivery of any Notes may not be taken as an
implication that the information contained in such documents is accurate and complete subsequent to their
respective dates of issue or that there has been no adverse change in the financial situation of the Issuers
since such date or that any other information supplied in connection with the Programme is accurate at
any time subsequent to the date on which it is supplied or, if different, the date indicated in the document
containing the same.
The distribution of this Prospectus and any Final Terms and the offering, sale and delivery of Notes in
certain jurisdictions may be restricted by law. Persons into whose possession this Prospectus or any Final
Terms come are required to inform themselves about and observe any such restrictions. For a description
of the restrictions applicable in the United States of America, the European Economic Area in general, the

3

United Kingdom ("UK"), The Netherlands and Japan see "Selling Restrictions". In particular, the Notes
have not been and will not be registered under the United States Securities Act of 1933, as amended, and
are subject to tax law requirements of the United States of America; subject to certain exceptions, Notes
may not be offered, sold or delivered within the United States of America or to U.S. persons.
The language of the Prospectus is English. The German versions of the English language Terms and
Conditions and Guarantee are shown in the Prospectus for additional information. As to form and content
and all rights and obligations of the Holders and the Issuer under the Notes to be issued, German is the
controlling legally binding language if so specified in the relevant Final Terms. In respect of the Guarantee,
the German language version is always controlling and legally binding as to form and content, and al
rights and obligations of the Holders and the Guarantor thereunder.
The Final Terms in respect of any Notes may include a legend entitled "MiFID II Product Governance"
which will outline the target market assessment in respect of the Notes and which channels for distribution
of the Notes are appropriate. Any person subsequently offering, selling or recommending the Notes (a
"distributor") should take into consideration the target market assessment; however, a distributor subject
to MiFID II is responsible for undertaking its own target market assessment in respect of the Notes (by
either adopting or refining the target market assessment) and determining appropriate distribution
channels.
A determination will be made in relation to each issue about whether, for the purpose of the MiFID Product
Governance rules under EU Delegated Directive 2017/593 (the "MiFID Product Governance Rules"), any
Dealer subscribing for any Notes is a manufacturer in respect of such Notes, but otherwise neither the
Arranger nor the Dealers nor any of their respective affiliates will be a manufacturer for the purpose of the
MiFID Product Governance Rules.
If the Final Terms in respect of any Notes include a legend entitled "PROHIBITION OF SALES TO EEA
RETAIL INVESTORS", the Notes are not intended to be offered, sold or otherwise made available to and
should not be offered, sold or otherwise made available to any retail investor in the European Economic
Area ("EEA"). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail
client as defined in point (11) of Article 4(1) of MiFID II; or (ii) a customer within the meaning of Directive
2002/92/EC (as amended, the "Insurance Mediation Directive"), where that customer would not qualify
as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as
defined in the Prospectus Directive. Consequently, no key information document required by Regulation
(EU) No 1286/2014 (as amended, the "PRIIPs Regulation") for offering or selling the Notes or otherwise
making them available to retail investors in the EEA has been prepared and, therefore, offering or selling
the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the
PRIIPs Regulation.
Amounts payable under Floating Rate Notes are calculated by reference to (i) EURIBOR (Euro Interbank
Offered Rate) which is provided by the European Money Markets Institute ("EMMI") or (ii) LIBOR (London
Interbank Offered Rate) which is provided by the ICE Benchmark Association ("IBA"). As at the date of this
Prospectus, each of EMMI and IBA does not appear on the register of administrators and benchmarks
established and maintained by the European Securities and Markets Authority (ESMA) pursuant to Article
36 of the Benchmarks Regulation (Regulation (EU) 2016/1011) ("BMR"). As far as the relevant Issuer is
aware, the transitional provisions in Article 51 of the BMR apply, such that EMMI and IBA are not currently
required to obtain authorisation or registration (or, if located outside the European Union, recognition,
endorsement or equivalence).
This Prospectus may only be used for the purpose for which it has been published.
Each Dealer and/or each further financial intermediary subsequently reselling or finally placing
Notes issued under the Programme is entitled to use the Prospectus as set out in "Consent to the
Use of the Prospectus" below.
This Prospectus and any Final Terms may not be used for the purpose of an offer or solicitation by
anyone in any jurisdiction in which such offer or solicitation is not authorised or to any person to
whom it is unlawful to make such an offer or solicitation.
This Prospectus and any Final Terms do not constitute an offer or an invitation to subscribe for or
purchase any Notes.
In connection with the issue of any Tranche of Notes under the Programme, the Dealer or Dealers
(if any) named as stabilising manager(s) in the applicable Final Terms (or persons acting on behalf
of a stabilising manager) may over-allot Notes or effect transactions with a view to supporting the
price of the Notes at a level higher than that which might otherwise prevail. However, stabilisation
may not necessarily occur. Any stabilisation action may begin at any time after the adequate public

4

disclosure of the terms of the offer of the relevant Tranche of the Notes and, if begun, may cease at
any time, but it must end no later than the earlier of 30 days after the Issue Date of the relevant
Tranche of Notes and 60 days after the date of the allotment of the relevant Tranche of Notes. Any
stabilisation action or over-allotment must be conducted by the relevant stabilising manager(s) (or
person(s) acting on behalf of any stabilising manager(s)) in accordance with all applicable laws
and rules.
Any websites included in the Prospectus, except for the website www.bourse.lu, are for information
purposes only and do not form part of the Prospectus.
FORWARD-LOOKING STATEMENTS
This Prospectus contains certain forward-looking statements. A forward-looking statement is a statement
that does not relate to historical facts and events. They are based on analyses or forecasts of future
results and estimates of amounts not yet determinable or foreseeable. These forward-looking statements
are identified by the use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect",
"intend", "may", "plan", "predict", "project", "will" and similar terms and phrases, including references and
assumptions. This applies, in particular, to statements in this Prospectus containing information on future
earning capacity, plans and expectations regarding innogy Group's business and management, its growth
and profitability, and general economic and regulatory conditions and other factors that affect it.
Forward-looking statements in this Prospectus are based on current estimates and assumptions that the
Issuers make to the best of their present knowledge. These forward-looking statements are subject to
risks, uncertainties and other factors which could cause actual results, including innogy Group's financial
condition and results of operations, to differ materially from and be worse than results that have expressly
or implicitly been assumed or described in these forward-looking statements. innogy Group's business is
also subject to a number of risks and uncertainties that could cause a forward-looking statement, estimate
or prediction in this Prospectus to become inaccurate. Accordingly, investors are strongly advised to read
the fol owing sections of this Prospectus: "Risk Factors", "innogy SE as Issuer and Guarantor and innogy
Group" and "innogy Finance B.V. as Issuer". These sections include more detailed descriptions of factors
that might have an impact on innogy Group's business and the markets in which it operates.
In light of these risks, uncertainties and assumptions, future events described in this Prospectus may not
occur. In addition, neither the Issuers nor the Dealers assume any obligation, except as required by law, to
update any forward-looking statement or to conform these forward-looking statements to actual events or
developments.

5

TABLE OF CONTENTS
Page
Summary ....................................................................................................................................................... 7
Section A
Introduction and Warnings .................................................................................................. 7
Section B
Issuer and Guarantor .......................................................................................................... 8
Section B
Issuer ................................................................................................................................ 12
Section C
Securities .......................................................................................................................... 14
Section D
Risks ................................................................................................................................. 17
Risks specific to innogy SE as Issuer and Guarantor .................................................................................. 17
Risks specific to innogy Finance B.V. as Issuer .......................................................................................... 19
Risks specific to the Securities .................................................................................................................... 19
Section E
Offer .................................................................................................................................. 21
German Translation of the Summary .......................................................................................................... 22
Abschnitt A
Einleitung und Warnhinweise ........................................................................................... 22
Abschnitt B
Emittentin und Garantin .................................................................................................... 23
Abschnitt B
Emittentin .......................................................................................................................... 27
Abschnitt C
Wertpapiere ...................................................................................................................... 30
Abschnitt D
Risiken .............................................................................................................................. 34
Risiken, die der innogy SE als Emittentin und Garantin eigen sind ............................................................. 34
Risiken, die der innogy Finance B.V. als Emittentin eigen sind ................................................................... 35
Risiken, die den Wertpapieren eigen sind ................................................................................................... 36
Abschnitt E
Angebot ............................................................................................................................ 38
Risk Factors ................................................................................................................................................. 39
Risk Factors regarding innogy SE and innogy Group ................................................................................. 39
Risk Factors regarding innogy Finance B.V. ............................................................................................... 43
Risk Factors regarding the Notes ................................................................................................................ 43
innogy SE as Issuer and Guarantor and innogy Group ............................................................................... 47
innogy Finance B.V. as Issuer ..................................................................................................................... 68
Consent to the Use of the Prospectus ......................................................................................................... 72
General Description of the Programme ....................................................................................................... 73
Issue Procedures ......................................................................................................................................... 75
Terms and Conditions of the Notes (English Language Version) ................................................................ 77
Option I - Terms and Conditions that apply to Notes with fixed interest rates ............................................. 77
Option II - Terms and Conditions that apply to Notes with floating interest rates ........................................ 99
Terms and Conditions of the Notes (German Language Version) ............................................................ 122
Option I - Anleihebedingungen für Schuldverschreibungen mit fester Verzinsung ................................... 123
Option II - Anleihebedingungen für Schuldverschreibungen mit variabler Verzinsung .............................. 148
Guarantee (German Language Version) ................................................................................................... 174
Guarantee (English Translation) ................................................................................................................ 178
Form of Final Terms .................................................................................................................................. 183
Use of Proceeds ........................................................................................................................................ 198
Description of Rules Regarding Resolution of Holders ............................................................................. 199
Taxation ..................................................................................................................................................... 201

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Selling Restrictions .................................................................................................................................... 211
General Information ................................................................................................................................... 214
Interests of Natural and Legal Persons involved in the Issue/Offer ........................................................... 214
Authorisation .............................................................................................................................................. 214
Listing and Admission to Trading .............................................................................................................. 214
Clearing Systems ...................................................................................................................................... 214
Documents on Display ............................................................................................................................... 214
Documents Incorporated by Reference ..................................................................................................... 216
Comparative Table of Documents Incorporated by Reference ................................................................. 216
Availability of Incorporated Documents ..................................................................................................... 217
Names and Addresses .............................................................................................................................. 218

7

SUMMARY

Summaries are made up of disclosure requirements known as "Elements". These elements are numbered
in Sections A E (A.1 E.7).
This summary (the "Summary") contains all the Elements required to be included in a summary for this
type of Notes and Issuer. Because some Elements are not required to be addressed, there may be gaps in
the numbering sequence of the Elements.
Even though an Element may be required to be inserted in the Summary because of the type of Notes and
Issuer, it is possible that no relevant information can be given regarding the Element. In this case, a short
description of the Element is included in the Summary with the mention of "not applicable".
[The Summary contains options, characterised by square brackets or typesetting in italics (other than the
respective translations of specific legal terms), and placeholders regarding the Notes to be issued under
the Programme. The summary of the individual issue of Notes will include the options relevant to this issue
of Notes as determined by the applicable Final Terms and will contain the information, which had been left
blank, as completed by the applicable Final Terms.]1
Element
Section A Introduction and warnings
A.1 Warnings
Warning
that:
this Summary should be read as an introduction to the
Prospectus;
any decision to invest in the Notes should be based on
consideration of the Prospectus as a whole by the investor;
where a claim relating to the information contained in the
Prospectus is brought before a court, the plaintiff investor
might, under the national legislation of the Member States,
have to bear the costs of translating the Prospectus, before
the legal proceedings are initiated; and
civil liability attaches only to the Issuer which has tabled the
Summary including any translation thereof, but only if the
Summary is misleading, inaccurate or inconsistent when
read together with the other parts of the Prospectus or it
does not provide, when read together with the other parts of
the Prospectus, key information in order to aid investors
when considering whether to invest in the Notes.

A.2
Consent to the use of [Each Dealer and/or each further financial intermediary
the Prospectus
subsequently reselling or finally placing the Notes is entitled to
use the Prospectus for the subsequent resale or final placement
of the Notes during the offer period for the subsequent resale or
final placement of the Notes from [] to [], provided however,
that the Prospectus is still valid in accordance with Article 11(2)
of the Luxembourg Law relating to prospectuses for securities
(Loi relative aux prospectus pour valeurs mobilières), as
amended, which implements Directive 2003/71/EC of the
European Parliament and of the Council of 4 November 2003
(as amended).
The Prospectus may only be delivered to potential investors
together with all supplements published before such delivery.
Any supplement to the Prospectus is available for viewing in
electronic form on the website of the Luxembourg Stock
Exchange (www.bourse.lu) and on the website of innogy SE
(www.innogy.com).

1 To be deleted for the summary of an individual issue of Notes.

8

When using the Prospectus, each Dealer and/or relevant further
financial intermediary must make certain that it complies with al
applicable laws and regulations in force in the respective
jurisdictions.
In the event of an offer being made by a Dealer and/or a
further financial intermediary the Dealer and/or the further
financial intermediary shall provide information to investors
on the terms and conditions of the Notes at the time of that
offer.]
[Not applicable. No consent has been given.]

Element
Section B [Issuer] [Guarantor]
B.1
Legal and commercial
innogy SE
name
B.2
Domicile / Legal form /
innogy SE ("innogy") is a European stock corporation ("Societas
Legislation / Country of
Europaea", SE) incorporated under the laws of the Federal
incorporation
Republic of Germany and operates under German law. It has its
seat and is registered in Essen, Germany.

B.4b
Known trends affecting
The energy market is undergoing fundamental change. The
the Issuer and the
three major trends decarbonisation, decentralisation and
industries in which it
digitisation are setting the pace and forcing the energy sector
operates
to evolve and re-invent itself.
innogy wants to seize the opportunities offered by its flexible,
forward-looking business model and be a pace-setter of change
by investing in renewable generation capacity, flexible
networks and innovative products.

B.5 Description
of
the innogy SE is the parent company of the innogy Group.
Group and the Issuer's
position within the
The innogy Group is divided into three functionally distinct
Group
divisions: Renewables, Grid & Infrastructure and Retail.
When considering also geographical aspects, the Group is
divided into seven operating segments:
· Renewables;
·
Grid & Infrastructure Germany;
·
Grid & Infrastructure Eastern Europe;
· Retail
Germany;
· Retail
Netherlands/Belgium;
·
Retail United Kingdom; and
·
Retail Eastern Europe
The divisions are supported by in-house service providers.
innogy as the group's head office concentrates on group-
managing tasks.

B.9
Profit forecast or
Not applicable. No profit forecast or estimate has been included.
estimate

9

B.10
Nature of any
Not applicable. The auditor's reports with respect to the
qualifications in the
consolidated financial statements of innogy SE as at and for the
audit report on
financial years ended 31 December 2016 and 31 December
historical financial
2017 do not include any qualifications.
information
B.12
Selected historical key financial information
Selected Balance Sheet information (audited)
31 Dec.
31 Dec.

2017
2016

in million
Non-current assets
36,502
36,239
Current assets
10,312
10,651
Assets 46,814
46,890

Equity 11,252
10,667
Non-current liabilities
22,913
24,442
Current liabilities
12,649
11,781
Equity and liabilities
46,814
46,890
Selected Income Statement information (audited)

2017 2016

in million
Revenue 41,119
41,549
Income before tax
1,648
2,201
Income
1,149
1,786
Net income / income attributable to innogy SE shareholders
778
1,513
Basic and diluted earnings per common and preferred share in
1.40
4.15
Selected Cash Flow Statement information (audited)

2017 2016

in million
Cash flows from operating activities
2,654
2,674
Cash flows from investing activities
(after initial/subsequent transfer to plan assets)
(1,800)
5,218
Cash flows from financing activities
(1,172)
(7,042)
Net change in cash and cash equivalents
(309)
829
Cash and cash equivalents at end of the reporting period
as per the consolidated balance sheet
1,070
1,379

No Material adverse
There has been no material adverse change in the prospects of
change in the prospects innogy since 31 December 2017.
of the Issuer
Significant change in
Not applicable. There has been no significant change in the
the financial and
financial or trading position of innogy since 31 December 2017.
trading position
B.13 Recent
events
Intended acquisition by E.ON of RWE's stake in innogy
In March 2018, RWE AG ("RWE") and E.ON SE ("E.ON") have

10

announced to have entered into an agreement under which
E.ON intends to acquire innogy from its shareholder RWE to be
fol owed by a wide-ranging exchange of business activities and
participations between RWE, E.ON and innogy. Furthermore,
E.ON will make a voluntary public takeover offer in cash to the
minority shareholders of innogy SE. The closing of the
transaction is subject to further conditions and, because of its
complexity, is not expected before 2019.
innogy confirms targets for financial discipline and strategic
orientation.
At the beginning of 2018, innogy confirmed its targets for
financial discipline as a key component in pursuing its growth
strategy. A leverage factor of around 4.0 (ratio of net debt to
adjusted EBITDA) and a pay-out ratio of 70% to 80% of adjusted
net income are still the key financial indicators. innogy is aware
of the importance of a stable, attractive dividend and an
appropriate debt level for the capital market. In 2018-2020, the
capital expenditure programme will continue to concentrate on
the core businesses in the Renewables, Grid & Infrastructure
and Retail divisions. Beyond this, growth opportunities are seen
in e-mobility, broadband and solar power. All growth options will
be pursued, subject to the strict return requirements and the
availability of funding. innogy will continuously review the
financing of growth projects, exploring all of the possibilities in
terms of ownership and financing structures in order to create
the best value for the company and its shareholders.
Successful bond issue with a total volume of 1 billion.
At the end of January 2018, innogy Finance B.V issued a bond
guaranteed by innogy SE. With a term of 11.5 years, the bond
has an annual coupon of 1.5%, an issue price of 98.785% and a
yield of 1.617% per annum. The issue was several times
oversubscribed. The proceeds from this bond will be used to
refinance liabilities due as well as for general business activities.
Expansion of the solar power business in Australia.
In February 2018, innogy concluded a contract with Overland
Sun Farming, one of the leading project developers in Australia,
on the acquisition of two utility-scale solar power development
projects in Australia, further driving the expansion of its valuable
solar power business. Together, the "Limondale" and "Hillston"
projects in New South Wales have a capacity of 460 MW. The
project companies are due to be transferred in the second
quarter of this year. Completion of the transaction is still subject
to some conditions, including the approval of the Foreign
Investment Review Board (FIRB), an Australian government
body.
innogy acquires another gas utility in Croatia.
With the acquisition of the grid and retail company Montcogim-
Plinara headquartered in Sveta Nedelja, in January 2018 innogy
further expanded its market share on the Croatian gas market. In
2016, Montcogim-Plinara registered sales of around 11.4
million, with a workforce of 21 employees. The company is
active in six cites in the Zagreb region and has a roughly 375 km
gas grid, which is among the most modern in Croatia.
Acquisition of Regionetz GmbH.
In early January 2018, based on a contractual agreement innogy
obtained control over the 'Grids' division of Stadtwerke Aachen
AG ("STAWAG") and will include this in its consolidated financial
statements from the first quarter of 2018 onwards.