June 25, 2019 / 6:00 AM / 4 months ago

RPT-UPDATE 1-E.ON offers to sell Hungarian, Czech businesses to allay EU worries

(Repeats June 24 story with no changes to text)

* E.ON may also shed 260,000 heating customers in Germany

* Commission has opened full-scale investigation into E.ON deal

DUESSELDORF, June 24 (Reuters) - German energy group E.ON has offered to sell parts of its Hungarian electricity business to address EU antitrust concerns over its bid for rival Innogy’s network and retail assets, its chief executive said on Monday.

In another concession to the European Union, E.ON offered to sell Innogy’s gas and power business in the Czech Republic, E.ON CEO Johannes Teyssen said at an event in Berlin.

E.ON may also drop 260,000 heating customers in Germany, as well as the operation of 32 recharging stations for electric cars along Germany’s Autobahn motorway network, he said.

The European Commission opened a full-scale investigation into E.ON’s bid for Innogy in March.

E.ON made the concessions last week, a European Commission filing showed, though no details were disclosed at the time. (Reporting by Tom Kaeckenhoff; Writing by Tom Sims; Editing by Jan Harvey and Deepa Babington)

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