Majority of Enovos International Now Owned by the Public

On Monday 7 March 2016 the final protocol and contract selling shares from E.ON and RWE in Enovos International S.A. was signed to the effect that the majority of the company is now owned by the public.

The sales contract was drawn up on 22 December 2015 stating that the Luxembourg State, the Société nationale de crédit et d'investissement (SNCI), the City of Luxembourg and the private independent investment company Ardian were to acquire with the Banque et caisse d’épargne de l’État (BCEE) as a new shareholder the interests of E.ON and RWE in Enovos International S.A.

After the ceremony, Deputy Prime Minister, Minister of Economy, Étienne Schneider, said: "The transaction gives Enovos a stable shareholder with nearly 70% of the shares now owned directly or indirectly by a public power. The company is therefore well positioned to continue its policy guaranteeing Luxembourg supply security, the development of renewable energy and the maintenance of a competitive energy price to the benefit of businesses and households."

Lydie Polfer, Mayor of the City of Luxembourg, said: "The acquisition by the City of Luxembourg of RWE and E.ON shares in Enovos International takes place within the context of Public utility, namely to ensure a majority to City of Luxembourg and the State in the field of energy, a strategic and changing sector, particularly in regards to renewable energy."

Enovos International S.A. is the holding company at the head of the energy group and is a leader in the energy market in Luxembourg. Its shareholders as of
Monday 7 March are as follows:

Luxembourg State - 28%
SNCI- 14,20%
City of Luxembourg- 15,61%
BCEE- 12%
TOTAL of Public Ownership: 69,81%
Ardian (through its subsidiaries Adrian and AXA Redilion Management Co S.C.A.)- 25,48%
ENGIE (anc. GdF-Suez; Electrabel S.A.)- 4,71%
RWE- 0%
E.ON- 0%
TOTAL of Private Ownership: 30,19%

Photo by MECO