EON AG (EONGY.PK -6.7%), Germany's largest utility, will book an impairment charge of about...
EON AG (EONGY.PK -6.7%), Germany's largest utility, will book an impairment charge of about €3B due to lower prices and "regulatory intervention" in Italy and Spain. Struggling to bring its cost structure down to deal with Germany's withdrawal from nuclear energy, the company earlier announced job cuts in the 9K-11K range.
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