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

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

E.ON SE

(EOAN)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

E.ON set to win EU antitrust permission for Innogy deal - sources

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/12/2019 | 08:31am EDT
Germany opens first solar-powered fast car charging park with battery backup in Duisburg

BRUSSELS (Reuters) - E.ON is expected to win EU antitrust approval to buy rival Innogy's network and retail assets, sources said on Friday, in a deal set to transform the German company into a major player in the European energy market.

The green light from the European Commission is set to come after E.ON sweetened its concessions to address competition concerns, the sources, who are familiar with the matter, said.

The deal, which will mark the biggest overhaul of the German power industry since the country sped up its exit from nuclear energy, is part of a bigger asset swap with Innogy's parent RWE and will more than double E.ON's customers in Germany to nearly 14 million.

E.ON last month offered to sell part of its retail business in Hungary as well as Innogy's retail power and gas business in the Czech Republic with 1.6 million customers, after the European Commission voiced concerns that the deal may reduce competition.

The offer also included dropping 260,000 heating customers in Germany, as well as the right to operate 32 charging stations for electric cars along Germany's Autobahn motorway network.

E.ON subsequently improved its proposal for all three countries after the European Commission received feedback from rivals and customers, one of the sources said.

The EU competition enforcer did not seek comments about the tweaks, an indication that it was likely to accept them, the source said, without providing details.

The Commission, which is scheduled to decide on the deal by Sept. 20, and Innogy declined to comment.

E.ON said: "We continue to be confident to be able to close the transaction within the second half of 2019."

The deal has drawn criticism from E.ON's rivals in Germany which have demanded more concessions to counter the market power it would have after acquiring Innogy's assets.

(Reporting by Foo Yun Chee, additional reporting by Vera Eckert in Frankfurt; editing by Francesco Guarascio and Kirsten Donovan)

By Foo Yun Chee

Stocks mentioned in the article
ChangeLast1st jan.
E.ON SE 0.37% 8.869 Delayed Quote.2.47%
INNOGY SE -0.04% 44.48 Delayed Quote.9.26%
RWE AG 0.74% 27.16 Delayed Quote.42.31%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on E.ON SE
10/08E.ON SE : Release according to Article 40, Section 1 of the WpHG [the German Sec..
EQ
10/08E.ON SE : Release according to Article 43, Section 1 of the WpHG [the German Sec..
EQ
10/08Finland's Fortum to gain control of Uniper in $2.5 billion deal
RE
10/07E.ON SE : Preliminary announcement of the publication of quarterly reports and q..
EQ
10/04E.ON SE : Release according to Article 40, Section 1 of the WpHG [the German Sec..
EQ
10/04E.ON SE : E.ON signs framework agreement with MVM Magyar Villamos M?vek Zrt. and..
EQ
10/03E ON : responds to the Conservative Party's Future Homes Standard announcement
AQ
10/03FuelCell Energy Up 23%; In Collaboration Agreement With E.ON
DJ
10/03UK big six energy firms' 2018 supply profits sank as customers turned to smal..
RE
10/01E.ON SE : Release according to Article 40, Section 1 of the WpHG [the German Sec..
EQ
More news
Financials (EUR)
Sales 2019 31 543 M
EBIT 2019 3 078 M
Net income 2019 1 396 M
Debt 2019 3 954 M
Yield 2019 5,38%
P/E ratio 2019 13,9x
P/E ratio 2020 14,5x
EV / Sales2019 0,86x
EV / Sales2020 0,52x
Capitalization 23 049 M
Chart E.ON SE
Duration : Period :
E.ON SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends E.ON SE
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 9,53  €
Last Close Price 8,85  €
Spread / Highest target 46,9%
Spread / Average Target 7,63%
Spread / Lowest Target -12,4%
EPS Revisions
Managers
NameTitle
Johannes Teyssen Chairman-Management Board
Karl-Ludwig Kley Chairman-Supervisory Board
Karsten Wildberger Chief Operating Officer-Commercial
Marc Spieker Chief Financial Officer
Karen Maria Alida de Segundo Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
E.ON SE2.47%25 469
ENGIE20.00%40 048
SEMPRA ENERGY34.48%39 944
NATIONAL GRID PLC16.67%39 360
ORSTED AS42.30%38 746
ELECTRICITÉ DE FRANCE-31.68%31 745