EON Cancels Nuclear Business Spinoff as 2015 Loss Forecast

Updated on
  • EON adapts breakup to planned German liability legislation
  • 3Q impairments in higher single-digit billions of euros

EON SE is canceling plans to spin off its German nuclear plants as the country moves to prevent utilities from dodging costs for the disposal of radioactive waste. Germany’s largest utility forecast a net loss for 2015 from writedowns prompted by the decision.

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