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

E.ON SE

(EOAN)
  Report  
Real-time Quote. Real-time Tradegate - 09/17 07:11:15 am
8.93 EUR   +0.17%
05:34aEU Clears E.ON's Acquisition of Innogy -- Update
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04:39aEU Clears E.ON's Acquisition of Innogy
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04:21aEU clears E.ON purchase of Innogy assets, subject to conditions
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E.ON to squeeze out remaining shareholders in takeover target Innogy

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09/04/2019 | 01:10pm EDT
Germany opens first solar-powered fast car charging park with battery backup in Duisburg

FRANKFURT (Reuters) - German utility E.ON said it would seek to squeeze out minority shareholders in takeover target Innogy as soon as it secures European antitrust approval for the deal.

"This procedure, known as a merger squeeze-out, provided for in company law applicable from a shareholding of 90 percent, allows us to implement the integration plans, which have been developed together with Innogy during the last months, as swiftly as possible." E.ON said in a statement on Wednesday.

E.ON is expected to win EU antitrust approval to buy rival Innogy's network and retail assets by Sept. 20, after E.ON sweetened its concessions to address competition concerns.

The deal 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 said the cash compensation to remaining shareholders would be determined by an audit company and subsequently be reviewed by a court-appointed auditor.

(Reporting by Ludwig Burger; Editing by Mark Potter)

By Ludwig Burger

Stocks mentioned in the article
ChangeLast1st jan.
E.ON SE 0.21% 8.933 Delayed Quote.3.34%
INNOGY SE 0.11% 44.9 Delayed Quote.10.12%
RWE AG 0.89% 26.13 Delayed Quote.36.57%
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05:34aEU Clears E.ON's Acquisition of Innogy -- Update
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Financials (EUR)
Sales 2019 30 522 M
EBIT 2019 2 988 M
Net income 2019 1 405 M
Debt 2019 3 954 M
Yield 2019 5,35%
P/E ratio 2019 13,8x
P/E ratio 2020 13,6x
EV / Sales2019 0,76x
EV / Sales2020 0,45x
Capitalization 19 320 M
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Technical analysis trends E.ON SE
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 22
Average target price 9,57  €
Last Close Price 8,93  €
Spread / Highest target 45,6%
Spread / Average Target 7,15%
Spread / Lowest Target -13,2%
EPS Revisions
Managers
NameTitle
Johannes Teyssen Chairman-Management Board & CEO
Karl-Ludwig Kley Chairman-Supervisory Board
Karsten Wildberger Chief Operating Officer-Commercial
Marc Spieker Chief Financial Officer
Ulrich Lehner Deputy Chairman-Supervisory Board
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