Seeking Alpha
 

E.ON SE ADR (EONGY)

- OTCQX
  • May. 16, 2012, 3:56 PM
    E.ON (EONGY.PK) confirms the sale of its natural gas transmission grid to a consortium led by Macquarie (MQBKY.PK) for €3.2B ($4.07B). E.ON's sale of Open Grid Europe will help the German utility reduce debt amid a weak domestic electricity market; the Australian bank will gain a network that accounts for ~70% of Germany's total annual shipping volume.
    | Comment!
  • Dec. 23, 2011, 1:59 AM
    China Three Gorges is buying Portugal's 21% stake in utility EDP (EDPFY.PK) for €2.7B ($3.5B), beating out E.On (EONGY.PK) and Eletrobras (EBR). The deal also includes Chinese investment in the wider economy, and is a crucial indicator of Portugal's ability to sell state assets in the face of its debt crisis.
    | Comment!
Visit Seeking Alpha's
EONGY vs. ETF Alternatives
Company Description
E.ON SE with its headquarter in Germany is a global provider of specialized energy solutions. Five global units are responsible for Generation, Renewables, New Build & Technology, Optimization & Trading, and Exploration & Production. Eleven regional units manage our operating business in Europe.... More
Sector: Utilities
Industry: Water Utilities
Country: Germany