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E.ON to delist from New York Stock Exchange
FRANKFURT, Aug 21 (Reuters) - Germany's E.ON EONG.DE intends to delist its shares from the New York Stock Exchange (NYSE) and to deregister and terminate its reporting obligations with the Securities and Exchange Commission (SEC), Europe's biggest utility said on Tuesday.
E.ON said in a statement it expects delisting to become effective on Sept. 7, 2007 following the close of the market in New York.
"Delisting and deregistration do not affect E.ON's business strategy in the United States. Our sole purpose is to reduce administrative complexity and costs," said Chief Financial Officer Marcus Schenck.
