E.ON Verwaltungs SE intended to acquire the remaining 10% stake in innogy SE (XTRA:IGY) for €2.37 billion on September 4, 2019. The transaction is to be structured as a squeeze out of remaining shareholders. In order to execute the squeeze-out under German Transformation Act, E.ON Verwaltungs SE intends to initiate negotiations with innogy SE regarding the conclusion of a merger agreement. The precise amount of the cash compensation to be offered was being determined by an audit company. The adequacy of the cash compensation will subsequently be reviewed by a court-appointed auditor. The completion of the transaction with RWE Aktiengesellschaft for 76.8% stake in innogy on September 18, 2019, paved way for E.ON to do the squeeze out. The transactions concerning an acquisition of a sole control by E.ON over innogy was approved by the EU commission on September 17, 2019. As per the update on January 16, 2020, E.ON Verwaltungs SE will pay €42.82 per share of innogy SE. Extraordinary general meeting of shareholders of innogy SE will be held on March 4, 2020. The transaction is expected to be close on January 22, 2020. Jochem Reichert of Schilling, Zutt & Anschutz, Gunnar Janson, Doerthe Bausch, Tobias Bage, Hartwin Bungert, Andreas Austmann and Carsten Strothotte of Hengeler Mueller Partnerschaft von Rechtsanwälten mbB and Ralph Wollburg, Staffan Illert, Dirk Horcher, Klaus von der Linden, Guntram Wuerzberg, Dermot Fleischmann, Matthias von Holten, Niklas RahlmeyerÂ, Rebecca Haegele and Kay-Uwe Neumann of Linklaters LLP acted as a legal advisor to Innogy SE in the following transaction. Dan Schaffer, Isobel Carruthers, Nuran Bayram of Slaughter and May acted as legal advisor to E.ON Verwaltungs SE in this transaction. E.ON Verwaltungs SE completed the acquisition of the remaining 10% stake in innogy SE (XTRA:IGY) on March 5, 2020. 99.67% of the shareholders voted in favor of the squeeze out of the remaining stake. European Commission approved the transaction on November 10, 2020.