RWE, EON Fall as Court Aide Backs German Nuclear-Fuel Tax
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EON SE fell the most in a month and RWE AG had its steepest plunge since mid-December after an adviser to the European Union’s top court backed a German levy on nuclear fuel that the country’s biggest utilities have been fighting as illegal.
EON declined 3.92 percent, to 13.375 euros a share at the close in Frankfurt, and RWE fell 4.55 percent to 23.905 euros a share after Advocate General Maciej Szpunar of the EU Court of Justice said in a non-binding opinion that the German nuclear-fuel tax doesn’t violate EU rules. The Luxembourg-based court follows such advice in most cases.