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

E.ON SE

(EOAN)
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EU Clears E.ON's Acquisition of Innogy

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09/17/2019 | 04:39am EDT

By Max Bernhard

The European Union said Tuesday that it cleared E.ON SE acquisition of Innogy SE under the condition that E.ON complies with a remedy package it has offered to get the German utility deal greenlighted.

E.ON is acquiring the distribution and consumer-solutions business as well as certain of electricity-generation assets from Innogy, which is controlled by RWE AG.

To address the commission's competition concerns, E.ON offered to divest most of its heating-electricity customers in Germany and to discontinue the operation of 34 electric-charging stations on German motorways, the EU's antritrust body said.

The offered remedies also include the divestment of E.ON's business in the retail supply of electricity to unregulated customers in Hungary and Innogy's entire business in the retail supply of electricity and gas in the Czech Republic.

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

Stocks mentioned in the article
ChangeLast1st jan.
E.ON SE 0.18% 8.856 Delayed Quote.2.47%
INNOGY SE 0.00% 44.5 Delayed Quote.9.26%
RWE AG 0.89% 27.23 Delayed Quote.42.31%
WTI -2.52% 53.42 Delayed Quote.14.98%
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Financials (EUR)
Sales 2019 31 579 M
EBIT 2019 3 077 M
Net income 2019 1 397 M
Debt 2019 3 954 M
Yield 2019 5,38%
P/E ratio 2019 13,9x
P/E ratio 2020 15,0x
EV / Sales2019 0,86x
EV / Sales2020 0,52x
Capitalization 23 091 M
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Technical analysis trends E.ON SE
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Mean consensus HOLD
Number of Analysts 24
Average target price 9,52  €
Last Close Price 8,85  €
Spread / Highest target 46,9%
Spread / Average Target 7,53%
Spread / Lowest Target -12,4%
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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
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