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EON Slumps to Two-Month Low After Capital Plan Rattles Investors

  • Plans to cut 1,000 jobs in its domestic market by next year
  • Utility targets 43% gain in dividend for 2017 to 0.30 euros
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Photographer: Chris Ratcliffe/Bloomberg
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EON SE fell to its lowest level since January after posting a record annual loss and announcing it will raise money from investors to help pay for its nuclear storage liabilities.

Germany’s biggest renewable energy producer may sell new shares equal to 10 percent of existing equity as early as Thursday as part of a plan to raise extra capital first outlined last year. The company will also offer dividend payments in shares and plans to sell assets.