FRANKFURT, Feb 22 (Reuters) - German utility RWE RWEG.DE said on Friday it had acquired a majority stake in Czech grid company IGH from peer Innogy IGY.DE as part of a major sector reorganisation agreed with another rival E.ON EONGn.DE .
RWE and IGH agreed not to disclose the purchase price of the 50.04 percent stake, RWE said in a statement. and E.ON agreed a major asset swap in March 2018.
RWE said on Friday that under the terms of that deal, E.ON will be taking the IGH stake later, in connection with its takeover of Innogy.
Several parties, including Macquarie, which holds the remainder of shares in IGH, and Czech investment group KKCG, had also expressed interest in the package now assigned to E.ON. RWE-E.ON swap, to be completed by the end of 2019, will give RWE both the renewable energy activities of E.ON and Innogy. E.ON, in turn, will take control of Innogy's energy network and retail businesses.