Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

E.ON (EOAN)
Mes dernières consult.
Most popular
  Report  
Delayed Quote. Delayed  - 02/23 05:35:06 pm
8.684 EUR   +3.78%
02/21E ON : to build new onshore wind farm in Italy
AQ
02/20Off-grid power pioneers pour into West Africa
RE
02/19E ON : helps to make energy efficiency financing easy
AQ
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

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
0
05/04/2012 | 04:57pm CET
 By Eyk Henning, Jan Hromadko and Jessica Hodgson 
 Of  

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
Stocks mentioned in the article
ChangeLast1st jan.
ALLIANZ -0.48% 191.5 Delayed Quote.0.00%
CNP ASSURANCES -1.14% 19.93 Real-time Quote.3.51%
E.ON 3.78% 8.684 Delayed Quote.-4.16%
ENGIE 1.25% 12.975 Real-time Quote.-9.49%
FLUXYS SA --End-of-day quote.
RWE 1.72% 16.575 Delayed Quote.-2.50%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on E.ON
02/21E ON : to build new onshore wind farm in Italy
AQ
02/20Off-grid power pioneers pour into West Africa
RE
02/19E ON : helps to make energy efficiency financing easy
AQ
02/19E.ON to Build New Onshore Wind Farm in Italy
DJ
02/19E ON : to build new onshore wind farm in Italy
PU
02/16E ON : workers to stage strikes from Monday in pay dispute
RE
02/15E ON : helps to make energy efficiency financing easy
PU
02/15E.ON SE : E.ON helps to make energy efficiency financing easy
EQ
02/13UK government must act urgently to put energy price cap in place by next wint..
RE
02/12JEAN-PIERRE CLAMADIEU : French government backs Solvay's Clamadieu as new Engie ..
RE
More news
News from SeekingAlpha
01/22BLOOMBERG : BP weighs bid for $1.8B Italian solar firm 
2017INNOGY SE : Buy On The Dips 
2017E.ON's (ENAKF) Management on Q3 2017 Results - Earnings Call Transcript 
2017E.ON SE ADR 2017 Q3 - Results - Earnings Call Slides 
2017E.ON SE reports Q3 results 
Financials (€)
Sales 2017 38 306 M
EBIT 2017 2 964 M
Net income 2017 3 126 M
Debt 2017 20 014 M
Yield 2017 3,59%
P/E ratio 2017 5,94
P/E ratio 2018 12,37
EV / Sales 2017 1,00x
EV / Sales 2018 0,90x
Capitalization 18 419 M
Chart E.ON
Duration : Period :
E.ON Technical Analysis Chart | EOAN | DE000ENAG999 | 4-Traders
Technical analysis trends E.ON
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 10,3 €
Spread / Average Target 23%
EPS Revisions
Managers
NameTitle
Johannes Teyssen Chief Executive Officer
Karl-Ludwig Kley Chairman-Supervisory Board
Leonhard Birnbaum Chief Operating Officer
Marc Spieker Chief Financial Officer
Ulrich Lehner Deputy Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
E.ON-4.16%22 644
ENGIE-9.49%38 367
ELECTRICITÉ DE FRANCE1.82%37 052
NATIONAL GRID PLC-13.38%35 428
SEMPRA ENERGY-0.26%26 501
ORSTED11.51%26 035