|Bid||0.000 x 130100|
|Ask||0.000 x 267700|
|Day's Range||8.759 - 8.940|
|52 Week Range||7.010 - 10.810|
|PE Ratio (TTM)||4.78|
|Forward Dividend & Yield||0.30 (3.38%)|
|1y Target Est||10.33|
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 ...
RWE will pay a special dividend to shareholders, after the German utility swung from a €5.7bn loss in 2016 to a €1.9bn net profit last year. The group unveiled full year profits on Tuesday, just two days ...
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.
Npower, one of the “Big Six” energy suppliers in the UK, has announced its third consecutive annual loss and a persistent leak of customer accounts. It reported adjusted pre-tax loss of £56m for 2017 as ...
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 ...
The deal that will fundamentally transform Germany’s electricity sector was codenamed “Live wire”. The complex asset swap between Eon and longstanding rival RWE , devised by a small team of executives ...
The Catalan parliament meets to elect a president for the region. Madrid’s aim to install a pliant Catalan government after a snap regional election in December has not gone according to plan. Pro-independence ...
** U.S. health insurer Cigna Corp said it would buy pharmacy benefits manager Express Scripts Holding Co ESRX.O for about $54 billion, a tie-up that reflects pressure on healthcare companies to grow bigger to cut costs. ** Melrose, which has made a hostile attempt to buy British engineering group GKN Plc, said its shareholders had approved the 7 billion-pound ($9.71 billion) bid and the European Commission had given anti-trust clearance. ** South Africa's Exxaro Resources Ltd said it was interested in buying coal export quotas from the Gupta family's Optimum Coal mine that is now in business rescue proceedings.
E.ON (EONGn.DE) aims to offset a looming drop in profit from its German nuclear plants, which are being phased out by 2022, by increasing earnings from networks, renewables and retail, one of its board members said. Germany is getting out of nuclear power after Japan's Fukushima disaster and E.ON's legacy business contributed 357 million euros (312.57 million pounds), or about a sixth, to its operating profit in the first nine months. "We aim to compensate the expected profit deficit in the area of nuclear power by growing our other three divisions," Leonhard Birnbaum, chief operating officer for E.ON's networks and renewables, told Reuters.
will likely seek talks with Fortum (FORTUM.HE) after the Finnish group's current takeover offer expires on Feb. 2, the chief executive of E.ON (EONGn.DE) said. E.ON earlier this month agreed to sell its remaining 46.65 percent stake in Uniper, which it retained following a spin off of the unit in 2016, for 22 euros (19.32 pounds) per share, lower than Uniper's current price of 24.72 euros. Hedge Fund firm Knight Vinke and activist investor Elliott Management both disclosed stakes in Uniper in December, with the former saying it would not tender its stake under Fortum's current offer.
The Zacks Analyst Blog Highlights: E.ON SE, American Water Works, NextEra Energy, Atmos Energy and Consolidated Edison