|Bid||0.000 x 130100|
|Ask||0.000 x 267700|
|Day's Range||9.542 - 9.734|
|52 Week Range||7.877 - 10.810|
|PE Ratio (TTM)||4.98|
|Forward Dividend & Yield||0.30 (3.02%)|
|1y Target Est||10.33|
Innogy (IGY.DE) said it has reached two legally binding agreements with E.ON (EONGn.DE) and RWE (RWEG.DE) for a fair integration process and supported its planned break-up, clearing the way for the complex deal to progress. The agreements mark a major step towards an asset swap deal between RWE and E.ON, which will effectively mark the end of Innogy as an independently listed company and has led to concerns that it could bear the brunt of planned job cuts. "The agreements with E.ON and RWE lay the groundwork for a fair integration processes on equal terms and thus for constructive collaboration in the future," Innogy CEO Uwe Tigges said in a joint statement with E.ON and RWE.
Johannes Teyssen, E.ON chief executive officer, discusses the future of German Chancellor Angela Merkel's coalition and the impact of EU political turmoil on the company's business. He speaks with Bloomberg's ...
German power production in the first half of 2018 from renewable energy totalled 104 billion kilowatt hours (kWh), 9.5 percent more than in the same period of 2017 and was above 100 billion for the first time, utility E.ON said on Monday. "This shows how renewables become increasingly important for our energy supply," said Victoria Ossadnik, head of Munich-based sales firm E.ON Energie Deutschland. E.ON Energie Deutschland markets electricity to retail and industry customers and in wholesale markets on behalf of green power producers, holding six million customer accounts.
Moody's Investors Service (Moody's) has today upgraded to Baa2 from Baa3 the long-term senior secured debt rating of ENTEGA Netz AG (ENTEGA Netz), and changed the outlook to stable from positive. The rating action reflects Moody's expectation that progress by ENTEGA Netz's ultimate parent group, ENTEGA AG, in delivering its strategic plan will continue to bolster the consolidated credit quality of the group, despite regulatory headwinds from lower allowed returns and efficiency challenges.
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. EON SE (FRA:EOAN) has returned to shareholders overRead More...
FRANKFURT (Reuters) - E.ON (EONGn.DE) Chief Executive Johannes Teyssen will step down after his current contract expires at the end of 2021, he told a German magazine in an interview. Teyssen said he will ...
E.ON will raise prices for British customers taking both gas and electricity by 4.8 percent from Aug. 16, the German utility said on Tuesday, the last of the "big six" energy suppliers to increase its tariffs. The move follows similar increases announced this year by the other five big suppliers in the country, and comes as regulator Ofgem is working to set a cap on standard prices by the end of the year. Utilities have denied overcharging, but the Competition and Markets Authority found they had overcharged some British households a total of 1.4 billion pounds ($1.75 billion) a year on average from 2012 to 2015, prompting the government to act.
** Factory automation equipment maker Rockwell Automation said it would buy an 8.4 percent stake in PTC for $1 billion as it looks to build on its software capabilities to make smarter manufacturing processes for customers. ** Medical device maker Stryker Corp has made a takeover approach to rival Boston Scientific Corp, the Wall Street Journal reported, a combination that would give Stryker a strong position in stroke-preventing heart products.
FRANKFURT (Reuters) - E.ON (EONGn.DE) on Wednesday said it would seek to delay two key votes at the annual general meeting of Uniper , evading a decision on whether to support a motion brought by activist ...
tried to block the sale of a major stake to Fortum (FORTUM.HE), two people familiar with the matter said. Uniper's shareholders are due to vote on the motion for a special audit to investigate the role of management, filed by Elliott-backed Cornwall Luxembourg S.a.r.l. E.ON, still Uniper's largest shareholder with a 46.65 percent stake, also plans to propose delaying the shareholder vote on whether to endorse Uniper's management, the sources said.
Moody's Investors Service (Moody's) has today confirmed the Baa2 issuer and senior unsecured ratings of innogy SE (innogy) and its guaranteed subsidiary, innogy Finance B.V.. The Prime-2 commercial paper rating was also confirmed. The outlook on all the ratings is stable.
Moody's Investors Service (Moody's) has today confirmed the Baa3 issuer rating of RWE AG (RWE), and the Ba2 rating of its subordinated hybrid capital securities (the hybrids). The Prime-3 commercial paper ratings were also confirmed.
Today we’re going to take a look at the well-established EON SE (DB:EOAN). The company’s stock saw a double-digit share price rise of over 10% in the past couple ofRead More...
FRANKFURT/DUESSELDORF (Reuters) - Innogy (IGY.DE) held off supporting a 4.9 billion euro (4.37 billion pounds) bid by German rival E.ON (EONGn.DE) on Thursday, saying it was not clear if a far-reaching asset swap with its parent RWE (RWEG.DE) was fair for workers or minority shareholders. E.ON and RWE, which holds a 76.8 percent stake in Innogy, revealed plans to break up the networks and renewables business and divide its assets in March. "Irrespective of the offer price, we are extremely concerned that the job cuts planned by E.ON will be unilaterally pursued to the disadvantage of the Innogy employees," Innogy Chief Executive Uwe Tigges said.
actively worked against the planned sale of E.ON's remaining stake to Finnish peer Fortum (FORTUM.HE). E.ON Chief Executive Johannes Teyssen told shareholders on Wednesday that no decision had been made over how E.ON would vote at Uniper's annual general meeting in relation to a motion to appoint a special auditor. Uniper had said on Tuesday that Cornwall Luxembourg S.a.r.l., which it said was backed by activist investor Elliott, had made such a proposal to identify possible breaches of duty by the board in relation to Fortum's bid.
German energy group E.ON (EONGn.DE) on Wednesday said it would put board member Leonhard Birnbaum in charge of overseeing a complex asset swap with rival RWE (RWEG.DE) that will result in the break-up of renewables and networks group Innogy (IGY.DE). Birnbaum, currently in charge of E.ON's grids and renewables business, will take on his new duties from June and will remain responsible for E.ON's renewables business until it is transferred to RWE as part of the deal. Under the break-up plans, first unveiled in March, E.ON will get Innogy's customer and networks activities, while RWE will receive E.ON's and Innogy's renewables operations, turning it into Europe's third-largest green energy player.
FRANKFURT/PRAGUE (Reuters) - Investment group KKCG plans to bid for the Czech assets of German energy group Innogy (IGY.DE), posing a new challenge to a deal between Innogy's majority owner RWE (RWEG.DE) and rival German utility E.ON to carve up Innogy themselves. E.ON (EONGn.DE) on Friday published its 5.2 billion euro (4.6 billion pound) takeover offer for the 23.2 percent of Innogy that RWE does not own, worth 40 euros per share including dividend payments to Innogy shareholders for 2017 and 2018. RWE and E.ON in March unveiled comprehensive plans to break up Innogy and divide its assets, turning RWE into Europe's second-largest wind utility and E.ON into Europe's largest operator of gas and power networks.
RWE (RWEG.DE) will offer to buy Innogy's (IGY.DE) stake in Czech joint venture Innogy Grid Holding as part of its deal to break up the group with rival E.ON (EONGn.DE), a document showed on Friday. After that, RWE will have the option to sell the stake to E.ON, and E.ON will have the option to buy it, E.ON said in the offer document for its 5.2 billion euro (4.55 billion pounds) takeover offer for a minority stake in Innogy. Last week, sources told Reuters that Australia's Macquarie (MQG.AX) was interested in some of Innogy's assets, including the stake it does not own yet in Innogy's Czech gas networks unit, potentially disrupting the deal between RWE and E.ON.
Innogy (IGY.DE) said on Tuesday a proposed deal by parent RWE (RWEG.DE) and rival E.ON (EONGn.DE) to break up the German energy group lacked clarity, adding it would comment on the transaction once the offer period had officially started. Last month, RWE and E.ON announced the landmark deal to split up Innogy's assets between them and turn RWE into a renewables champion, while E.ON will become Europe's largest operator of power and gas grids. As part of the deal, E.ON will launch a 40 euros-per-share, or 5.2 billion euro (4.56 billion pounds), bid for Innogy's minority shareholders, with the offer period expected to start at the end of April.
All 116 turbines at top German utility E.ON's Rampion offshore wind farm in Britain are now able to generate electricity and are delivering power to the grid, the company said on Tuesday. The 400-megawatt project is being built off the coast of Sussex in southeast England by E.ON, UK Green Investment Rampion Ltd and Canadian energy infrastructure company Enbridge. The farm will generate electricity to supply 347,000 homes, equivalent to around half of the households in Sussex.
Klaus Froehlich, the BMW board member in charge of development, is set to join energy group E.ON's supervisory board, the latest sign of convergence between both sectors in the area of electric mobility. E.ON will propose Froehlich as a candidate at its annual general meeting scheduled for May 9, according to the event's official invitation published on E.ON's website on Tuesday. Most advanced in e-mobility among German carmakers, BMW unveiled its first battery electric car in 2013, and has been working on different generations of battery, software and electric motor technology since then.
EON SE (DB:EOAN) outperformed the Multi-Utilities industry on the basis of its ROE – producing a higher 62.31% relative to the peer average of 9.89% over the past 12 months.Read More...