E.ON (FWB: EOAN) has generated $660m from the sale of a large part of one of its regional energy providers in Germany.

A group of municipalities, known as Kommunaler Energiezweckverband Thueringen, or KET, will acquire 43 per cent of E.ON Thueringer Energie and as part of the deal will assume about $524m in shareholder loans to the regional utility.

E.ON is also considering the sale of the remaining 10 per cent share it possesses in the company.

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