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Innogy Closes at Offer Price After Biggest IPO Since 2011

  • Companies will raise as much as 5 billion euros from sales
  • RWE keeps 75 percent majority of renewables, grid unit
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Innogy CEO Weighs First Day of Trading

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RWE AG’s green energy business Innogy SE ended its first day of trading in Frankfurt unchanged from the issue price of its initial public offering, Europe’s biggest since Glencore Plc in 2011.

Innogy, which contains the grid, renewables and retail arms of its parent, closed at 36 euros share on the Frankfurt Stock Exchange, after opening up 3.6 percent on Friday. RWE was the biggest loser on Germany’s benchmark DAX index, sliding 7.4 percent in its biggest intraday decline since June 24.