|Bid||47.50 x 50000|
|Ask||48.25 x 25000|
|Day's Range||50.40 - 51.50|
|52 Week Range||46.62 - 52.90|
|PE Ratio (TTM)||13.62|
|Forward Dividend & Yield||1.58 (3.14%)|
|1y Target Est||N/A|
PARIS/FRANKFURT (Reuters) - European utility companies are retrenching in their home markets and looking to unwind debt-financed cross-border merger deals as increasingly nationalist governments balk at foreign ownership of strategic power supplies. Hungary was one of the first European countries to turn against foreign ownership of utilities back in 2013 but there are growing signs that borders are springing up again in an industry that has struggled to make international deals pay off. Several European utilities were lining up to buy German utility RWE's (RWEG.DE) subsidiary Innogy (IGY.DE) but in March RWE and domestic rival E.ON (EONGn.DE) agreed to carve up the renewable energy firm themselves in an all-German deal.
Moody's Investors Service (Moody's) has today placed on review for downgrade the Baa1 backed senior unsecured ratings of Eurogrid GmbH (Eurogrid) as well as the (P)Baa1 backed senior unsecured rating of ...
** Australian toll road developer Transurban Group said it will buy the A25 toll road and bridge in Canada from Macquarie Infrastructure Partners for C$840 million ($650 million), plus transaction costs of C$18 million. ** Steve Wynn, the former chief executive of Wynn Resorts Ltd, has disposed his entire 11.8 percent stake in the firm for $2.1 billion in a dramatic exit of the casino and hotel enterprise he founded over 16 years ago. ** Tencent Holdings Ltd's shares fell more than 4 percent on Friday, wiping out around $23 billion of market value, after the Chinese internet firm's largest shareholder, Naspers Ltd, lowered its stake for the first time in 17 years.
Stocks with market capitalization between $2B and $10B, such as Elia System Operator SA (ENXTBR:ELI) with a size of €3.03B, do not attract as much attention from the investing communityRead More...
French grid operator RTE would be keen to play a part in European Union power grid consolidation and in favour of changing its legal status in order to achieve that, its chief executive said on Wednesday. The largest grid operator in Europe, RTE is majority owned by French state-controlled utility EDF (EDF.PA), but it remains a purely national player in an industry where more and more grid operators have stakes in foreign grids. "RTE is not meant to be merely an observer in the consolidation of the European power grid industry," RTE Chief Executive Francois Brottes told reporters.