Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Xetra  >  E.ON SE    EOAN   DE000ENAG999


Delayed Quote. Delayed  - 09/27 05:35:18 pm
6.296 EUR   -1.01%
09/26 E ON : and SBI open Denmark’s largest biogas plant
09/22 E ON : reaffirms its cultural involvement in Berlin and continues su..
09/20 E ON : recognized by Dow Jones Sustainability Index
News SummaryMost relevantAll newsSector news 

E.ON To Pick Buyer For Gas Grid By Mid-May - Sources

share with twitter share with LinkedIn share with facebook
share via e-mail
05/04/2012 | 04:57pm CEST
 By Eyk Henning, Jan Hromadko and Jessica Hodgson 

German utility E.ON AG (>> E.ON AG) will pick a buyer for its gas distribution network Open Grid Europe in mid-May after four consortia submit binding bids by next Wednesday in a deal valued at up to around EUR3 billion, several people familiar with the matter told Dow Jones Newswires.

One source said the executive board would pick a buyer May 15, but that the deal would need the okay by the supervisory board thereafter. Another source said that E.ON has finished negotiations with the suitors and that some of the bidders still need some time to get green light from their investment committees.

An E.On spokesman declined comment.

The bidders include a consortium of French utility GdF Suez (>> GDF SUEZ), French insurer CNP Assurances (>> CNP ASSURANCES) and IFM Australian Infrastructure as well as a team around Belgium's Fluxys SA (>> FLUXYS CAT.D) and General Infrastructure Partners. Another consortium is made up of Macquarie's infrastructure funds, the Abu Dhabi Investment Authority and British Columbian Investment Management Corporation.

One of the consortia includes state-owned Dutch utility Gasunie, which is teaming up with Allianz SE's (>> Allianz SE) investment arm Allianz Capital Partners and the pension fund Canada Pension Plan. While some sources have suggested Gasunie's status could be in doubt following the turnover of the Dutch government, one of the people said Gasunie is still in and that financing is in place.

A spokesman for the Dutch ministry of Economic Affairs declined to comment.

The planned sale of Open Grid Europe is part of a broader disposal program under which E.ON plans to sell EUR15 billion worth in assets by the end of 2013. E.ON has said it plans to use the proceeds from the disposals to reduce debt and for reinvestment in emerging markets in a move to reduce dependence on European countries. So far, E.On assets worth over EUR9 billion have been sold.

The assets have commanded strong interest because they include Germany's largest gas distribution network with 12,000 kilometers of pipelines and serve as a link between Eastern and Western Europe. German rival RWE AG (>> RWE AG) last year sold its 4,100-kilometer pipeline network for around EUR500 million.

-By Jan Hromadko, Eyk Henning and Jessica Hodgson, Dow Jones Newswires,

(Patrick Buis contributed to this article)

Stocks mentioned in the article : E.ON AG, RWE AG, FLUXYS CAT.D, GDF SUEZ, Allianz SE, CNP ASSURANCES
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on E.ON SE
09/26 E ON : and SBI open Denmark’s largest biogas plant
09/22 E ON : reaffirms its cultural involvement in Berlin and continues support for th..
09/20 E ON : recognized by Dow Jones Sustainability Index
09/19 E ON : Europe’s first megawatt industrial fuel cell power plant officially..
09/15 DGAP-DD : E.ON SE deutsch
09/15 DGAP-DD : E.ON SE english
09/13 E ON : to build one of the first commercial battery systems for the UK grid
09/12 Uniper's $4.4 billion listing unveils huge valuation gap
09/12 E ON : All the best, Uniper!
09/12 E.ON : Spin off
More news
Sector news : Multiline Utilities
12:47a E D F : EDF board confirms approval for Hinkley Point decision
09/26DJTransCanada to Buy Columbia Pipeline Partners
09/24 E D F : EDF, Britain to sign Hinkley Point contracts Thursday - Les Echos
09/23 Europe's offshore wind industry prepares for Atlantic crossing
09/23DJRWE's Innogy Renewables Unit Eyes $5.6 Billion Share Sale
More sector news : Multiline Utilities
News from SeekingAlpha
09/20 Total Backs More Sunshine
09/16 Nord Stream-2 submits first pipeline permit application
09/13 Russia's Nord Stream-2 pipeline on track as pipes expected soon
08/10 E.ON's (ENAKF) CEO Johannes Teyssen on Q2 2016 Results - Earnings Call Transc..
08/10 E.ON SE reports Q2 results
Financials (€)
Sales 2016 44 668 M
EBIT 2016 3 023 M
Net income 2016 269 M
Debt 2016 5 812 M
Yield 2016 3,24%
P/E ratio 2016 -
P/E ratio 2017 12,70
EV / Sales 2016 0,42x
EV / Sales 2017 0,50x
Capitalization 12 726 M
More Financials
Chart E.ON SE
Duration : Period :
E.ON SE Technical Analysis Chart | EOAN | DE000ENAG999 | 4-Traders
Full-screen chart
Technical analysis trends E.ON SE
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 28
Average target price 8,32 €
Spread / Average Target 31%
Consensus details
EPS Revisions
More Estimates Revisions
Johannes Teyssen Chief Executive Officer
Karl-Ludwig Kley Chairman-Supervisory Board
Michael Sen Chief Financial Officer
Ulrich Lehner Deputy Chairman-Supervisory Board
Karen Maria Alida de Segundo Member-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
E.ON SE-29.50%14 311
ENGIE S.A.-17.06%37 312
SEMPRA ENERGY15.07%27 668
PPL CORP3.25%24 249
E.D.F.-23.54%23 873
More Results