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MarketScreener Homepage  >  Equities  >  Xetra  >  E.ON SE    EOAN   DE000ENAG999

E.ON SE

(EOAN)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 02/27 02:15:45 am
10.785 EUR   -1.87%
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E.ON offers $2.65 billion to squeeze out remaining Innogy investors

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01/16/2020 | 12:34pm EST
The logos of RWE and E.ON are seen before a joint news conference of the two German utilities after unveiling plans for an asset swap deal which will break up RWE's Innogy unit in Essen

German energy firm E.ON on Thursday said it would offer a total of about 2.38 billion euros ($2.65 billion/£2 billion) to buy out minority shareholders of Innogy.

FRANKFURT (Reuters) - German energy firm E.ON on Thursday said it would offer a total of about 2.38 billion euros ($2.65 billion/£2 billion) to buy out minority shareholders of Innogy.

E.ON, which owns 90% of Innogy, is offering 42.82 euros per share for the remaining stake, which equals 55.56 million shares. Innogy will hold an extraordinary shareholder meeting on the matter on March 4, E.ON said.

E.ON acquired a majority in Innogy as part of a landmark asset swap deal with RWE, Innogy's former parent, that has turned E.ON into one of the continent's largest energy network and retail companies.

The offer to minority shareholders is below Innogy's closing price on Thursday, which stood at 44.75 euros. E.ON said the bid was confirmed by a court-appointed auditor.

(Reporting by Christoph Steitz; Editing by Arno Schuetze)

Stocks mentioned in the article
ChangeLast1st jan.
E.ON SE 0.38% 10.99 Delayed Quote.15.39%
EQUALS GROUP PLC -2.89% 42 Delayed Quote.-51.72%
INNOGY SE -0.48% 43.29 Delayed Quote.-2.94%
RWE AG 0.34% 32.57 Delayed Quote.19.09%
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Financials (EUR)
Sales 2019 33 422 M
EBIT 2019 3 226 M
Net income 2019 1 312 M
Debt 2019 12 084 M
Yield 2019 4,19%
P/E ratio 2019 19,4x
P/E ratio 2020 20,9x
EV / Sales2019 1,22x
EV / Sales2020 0,67x
Capitalization 28 655 M
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Technical analysis trends E.ON SE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 10,57  €
Last Close Price 10,99  €
Spread / Highest target 29,2%
Spread / Average Target -3,84%
Spread / Lowest Target -29,5%
EPS Revisions
Managers
NameTitle
Johannes Teyssen Chairman-Management Board
Karl-Ludwig Kley Chairman-Supervisory Board
Karsten Wildberger Chief Operating Officer-Commercial
Marc Spieker Chief Financial Officer
Karen Maria Alida de Segundo Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
E.ON SE15.39%31 170
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ELECTRICITÉ DE FRANCE32.96%44 516
ORSTED AS4.44%44 012
SEMPRA ENERGY-3.04%42 163
ENGIE8.61%40 780