FRANKFURT Dec 19 German utility E.ON
is disposing of the majority of its waste-burning unit Energy
from Waste as it seeks to streamline its portfolio and reduce
E.ON is selling the unit to a joint venture with private
equity investor EQT Infrastructure, in which it will hold a
minority stake, E.ON said in a statement on Wednesday.
In June, E.ON had halted the sale of Energy from Waste after
receiving bids that it saw as too low.
The transaction with EQT, which is needs antitrust approval,
is expected to close in the first quarter of 2013, E.ON said.
With the deal, E.ON said it will have achieved more than 14
billion euros ($18.5 billion) of its target to generate 15
billion euros through portfolio measures by the end of 2013.
($1 = 0.7568 euros)
(Reporting by Arno Schuetze)