Their deal is pending the approval of RWE's and E.ON's company boards and Germany's Federal Cartel Office as well as that of EU regulators. The break-up of Innogy and the reshuffle in the renewables business comes two years after E.ON and RWE had to split themselves in two, following eroding profitability and dwindling market shares in a new energy world, where power prices had fallen drastically due to a shift to renewables. In 2016, E.ON spun off its fossil fuel business, forming a new company called Uniper, while keeping power networks and renewables. RWE kept the conventional power generation business, and transferred grids, renewables, and retail to subsidiary Innogy. More here. CLEW has collected reactions to the deal from energy industry representatives, politicians, and NGOs: Klaus Müller, manager of the Federation of German Consumer Organisations ( VZBV ): "The takeover of RWE's stakes in innogy by E.ON will lead to a higher concentration of utilities in the German energy market. […]