|
|
Article: France: EDF, E.ON to Swap Power Assets in France and Germany.
- Article from:
- TendersInfo
- Article date:
- October 3, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Electricite de France SA, Europe s biggest generator, and E.ON AG, Germany s largest utility, agreed to swap assets to cut debt and meet antitrust regulations.
E.ON will get the 35 percent it doesn t own in French energy supplier SNET and rights to 800 megawatts of nuclear output, in return for giving up 1,215 megawatts of atomic and coal-fired generation in Germany. Each side of the deal may be worth as much as 1.5 billion euros ($2.2 billion), according to Christian Kleindienst, a credit analyst at UniCredit SpA.
The two utilities are seeking to sell more than 15 billion euros of assets to pay down debt accrued by snapping up rivals. E.ON wants to ...
Related newspaper, magazine, and journal articles:
|
|
Article: France, Germany and Russia want to make money on ...
Chicago Sun-Times;
December 15, 2003 ;
700+ words
... ... leadership most notably from France, Germany, Canada and Russia, refused ... state that America is snubbing France, Germany, Russia and Canada. It's ... any debt. It's also asking France, Germany and Russia to forgive any debts ...
|
|