Powered by

Germany's Innogy looks for cost cuts after chief exec Terium's departure

Jan 03, 2018 - City A.M.

GERMAN energy group Innogy is examining potential cost cuts across all parts of its business after its chief executive left in a dispute over the company's strategy.

Innogy, which was carved out from RWE and listed separately in 2016, also said yesterday it would review the funding of growth projects, adding it currently did not see the need for additional equity measures.

"The Innogy executive board is currently reviewing discretionary spending across all segments for the potential ...