| Add RSS Feed

12 October 2007 - E.ON AG said it signed a letter of intent for a multi-billion asset swap with Statkraft that will give it full control of jointly held power plants in Scandinavia.

E.ON will take over Statkraft's 44.6 per cent stake in E.ON Sverige worth €4.4bn ($6.6bn), making it the sole shareholder of the unit, the German utility said in a statement.

In return, Statkraft will receive assets held by E.ON in Sweden, Germany, the UK and Poland as well as more than two per cent of E.ON shares to compensate for the difference in value. E.ON will use treasury shares to pay out the two per cent stake to Statkraft.

| Add RSS Feed

---

More Business Articles >

Search Archives >

Power Engineering Article Categories:

Business		Projects/Contracts
Industry News		Deregulation
Environmental		Русский язык
Power Generation Young Professionals		Honeywell Automation & Control Solutions
HoneyWell Press Releases		HoneyWell Product Information
Power Engineering International Current Issue Table of Contents
Power Engineering Current Issue Table of Contents
Potencia Current Issue Table of Contents
Nuclear Power International Current Issue Table of Contents
Middle East Energy Current Issue Table of Contents

---

Search Products Buyer's Guide >

Search Industry Jobs >

Magazine & E-Newsletter Subscriptions >