The story
The company was created on 1 April 2016, by splitting the renewable, network and retail businesses of RWE into a separate entity. The new entity combined RWE subsidiaries RWE innogy, RWE Deutschland, RWE Effizienz, RWE Vertrieb and RWE Energiedienstleistungen.
On 7 October 2016, it was listed at the Frankfurt Stock Exchange. They served 23 million customers in Europe. In November 2017, it was announced that innogy was looking to merge its energy retail subsidiary npower in the United Kingdom, with the equivalent division of rival SSE.
It was planned that innogy shareholders would own 34% of the demerged entity, however, the deal fell through, and in November 2019, it was announced that npower would ultimately be wound down following the acquisition of innogy by E.ON.
In March 2018, it was announced that E.ON would acquire innogy, in a complex deal of assets swap with RWE. The transfer of shares was completed in September 2019.
The innogy brand still prevails on the Czech market as the incumbent gas supplier to households and industrial consumers. The Czech subsidiary, originally part of RWE since 2003 has been divested during merger between innogy and eon in Germany in 2020. The owner of innogy Czech is MVM, the Hungarian energy corporation. This means that the global innogy brand aspiring for another "100 years" of history has shrunk to single central European market.
From Wikipedia’s article on Innogy, shared under CC BY-SA 4.0.4