|Bid||8.87 x 130100|
|Ask||8.87 x 267700|
|Day's Range||8.86 - 8.94|
|52 Week Range||7.01 - 10.81|
|PE Ratio (TTM)||4.81|
|Forward Dividend & Yield||0.30 (3.35%)|
|1y Target Est||10.33|
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...
** 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.
RWE and E.ON are not planning to merge to create an energy giant after they shook up the German market with an asset swap, the chief executives of the two companies said in a newspaper interview published on Friday. RWE and E.ON unveiled plans last week to break up and share renewables, networks and retail group Innogy, the largest restructuring in the country's energy market since Germany decided to phase out nuclear power. "There are no plans at all for a merger," RWE CEO Rolf Martin Schmitz told the Westdeutsche Allgemeine Zeitung.
Germany's top utility E.ON (EONGn.DE), fresh from agreeing an asset swap with rival RWE (RWEG.DE), will seek to overcome a decade of losses by focussing on growth in innovative areas, its chief executive said on Thursday. "On the whole, we in Germany have not yet managed to be innovation drivers for the broader industry," he said. The meeting explored plans for future digitised electricity markets aimed at private households, companies, municipalities and cities in Germany, E.ON's core market.
FRANKFURT/DUESSELDORF (Reuters) - German utility E.ON (EONGn.DE) is emerging as an investor favourite following a major asset swap deal with rival RWE (RWEG.DE) this week, with its eye-popping share of regulated profits outshining RWE's riskier bet on renewables. Following the deal, announced on Sunday, shares in both companies soared, as did those in RWE's networks and renewables business Innogy (IGY.DE), which will be broken up as part of the deal and whose assets will split among E.ON and RWE. "E.ON is the winner," said Thomas Hechtfischer, managing director of shareholder advisory group DSW, which usually represents roughly 1 percent of voting rights at the annual general meetings of E.ON and RWE.
Labour unions want to move quickly to commit energy groups E.ON (EONGn.DE) and RWE (RWEG.DE) to avoiding forced redundancies in the planned break-up of RWE's networks and renewables unit Innogy (IGY.DE), a board member of the Verdi union said. "We will now call for the ban of forced layoffs," Andreas Scheidt, who also serves as deputy chairman of E.ON's supervisory board, told Reuters. E.ON and RWE earlier this week announced the plans that will see them beef up their own businesses with parts of Innogy in one of Germany's largest-ever utility deals.
Moody's Investors Service (Moody's) has today placed on review for downgrade the Baa2 issuer and senior unsecured ratings of innogy SE (innogy), and its guaranteed subsidiary innogy Finance B.V.. The Prime-2 ...
Moody's Investors Service (Moody's) has today placed on review for downgrade the Baa3 issuer rating of RWE AG (RWE), and the Ba2 rating of its subordinated hybrid capital securities (the hybrids). The ...
E.ON (EONGn.DE) will submit a 5.2 billion euro (4.62 billion pounds) voluntary public takeover offer for minority shareholders in Innogy (IGY.DE) in the second quarter of 2018, RWE (RWEG.DE) Chief Financial Officer Markus Krebber said in a speech. This is expected to occur in the second quarter of 2018," Krebber said at a joint news conference of RWE and E.ON. E.ON and RWE earlier this week agreed a far-reaching deal that will effectively break up RWE's energy networks and retail arm, Innogy, and divide its assets between them.
German energy firm E.ON (EONGn.DE) said on Monday it expects as many as 5,000 job cuts and up to 800 million euros ($987 million) of synergies as part of an asset swap with peer RWE (RWEG.DE) involving its renewables and network arm Innogy (IGY.DE). Plans to break up Innogy and divide its assets between parent RWE and E.ON, first announced a day earlier, added 4.3 billion euros to the market value of Germany's three largest utilities in the sector's largest overhaul in recent history. Germany's power companies are reshaping as they look to boost green energy output, shift away from fossil fuels and prepare for Germany's exit from nuclear power in 2022.
ESSEN, Germany (Reuters) - E.ON (EONGn.DE) expects as many as 5,000 job cuts and 600 million to 800 million euros ($740-987 million) of synergies as part of a major asset swap with peer RWE (RWEG.DE) involving ...
FRANKFURT/ESSEN (Reuters) - Plans to carve up Innogy (IGY.DE) between parent RWE (RWEG.DE) and fellow utility E.ON (EONGn.DE) are unlikely to be disrupted by rival bidders due to the complexity of the planned transaction, people close to the matter said. RWE, which owns 76.8 percent of Innogy, had also already explored alternative combinations but without reaching agreement, further reducing the chances of the deal now being challenged. The transaction announced on Sunday will sharpen the corporate focus of RWE, which will become one of Europe's largest renewable players, and create one of the continent's top grids and energy retail players under the umbrella of E.ON.
ESSEN/DUESSELDORF (Reuters) - Germany's top utilities on Sunday announced plans to break up Innogy, whose assets will be divided among parent RWE and rival E.ON in the sector's biggest overhaul since a landmark move to exit nuclear power. The deal, which includes E.ON making a 5.2 billion euro ($6.4 billion) takeover offer to Innogy's minority shareholders, spells the end of the network, renewables and retail energy group, carved out from RWE two years ago, as a standalone unit. Chancellor Angela Merkel's decision to abandon nuclear power after Japan's Fukushima nuclear disaster in 2011 has forced the sector to radically restructure in order to survive and already caused major plant shutdowns and billions of euros of losses.
German energy giant E.On agreed to swap a range of assets with rival RWE, the latest in a yearslong series of deals unleashed by Chancellor Angela Merkel’s 2011 renewable-energy revolution.
ESSEN/DUESSELDORF (Reuters) - Germany's top utilities on Sunday announced plans to break up Innogy (IGY.DE), whose assets will be divided among parent RWE (RWED.DE) and rival E.ON (EONGN.DE) in the sector's biggest overhaul since a landmark move to exit nuclear power. The deal, which includes E.ON making a 5.2 billion euro ($6.4 billion) takeover offer to Innogy's minority shareholders, spells the end of the network, renewables and retail energy group, carved out from RWE two years ago, as a standalone unit. Chancellor Angela Merkel's decision to abandon nuclear power after Japan's Fukushima nuclear disaster in 2011 has forced the sector to radically restructure in order to survive and already caused major plant shutdowns and billions of euros of losses.
BERLIN (AP) — German energy company E.ON SE says it has agreed to take over a big stake of utility company RWE's subsidiary innogy in exchange for a far-reaching range of assets from E.ON's renewable business.
German energy groups E.ON and RWE on Sunday unveiled a major reshuffle of Germany's energy sector that will see them divide the assets of RWE's Innogy unit. The complex transaction is made up of asset ...
ESSEN/DUESSELDORF (Reuters) - German energy groups E.ON (EONGn.DE) and RWE (RWEG.DE) on Sunday unveiled a major reshuffle of Germany's energy sector that will see them divide the assets of RWE's Innogy ...