Key Developments: E.ON SE (ENAKF.PK)
16.53USD
20 May 2013
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$16.62
$16.53
$16.53
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Latest Key Developments (Source: Significant Developments)
Fortum Oyj and E.ON AG's OKG's Nuclear Reactor to Shut Down-Reuters
Reuters reported that Sweden's 638-megawatt Oskarshamn-2 nuclear reactor, operated by OKG, owned by E.ON AG and Fortum Oyj, will be shut for 14 days because of unplanned maintenance in auxiliary power systems. OKG expects the reactor to be completely offline by December 6, 2012 afternoon and see it returning two weeks later. Full Article
Fortum Oyj and E.ON AG's OKG's Nuclear Reactor to Shut Down-Reuters
Reuters reported that Sweden's 638-megawatt Oskarshamn-2 nuclear reactor, operated by OKG, owned by E.ON AG and Fortum Oyj, will be shut for 14 days because of unplanned maintenance in auxiliary power systems. OKG expects the reactor to be completely offline by December 6, 2012 afternoon and see it returning two weeks later. Full Article
E.ON AG Reaffirms FY 2012 Earnings Forecast; Announces FY 2013 Forecast No Longer Achievable; Announces FY 2012 Dividend
E.ON AG announced that, on the basis of its current business portfolio, it continues to expect its full-year 2012 EBITDA to be between EUR 10.4 billion and EUR 11 billion and its underlying net income to be between EUR 4.1 billion and EUR 4.5 billion. E.ON AG also announced that it stands by its plan to pay out a dividend of EUR 1.10 per share for fiscal year 2012. E.ON AG also announced that, considering the substantial economic uncertainties and the structural changes in the energy industry, the Company’s previous 2013 forecast no longer seems achievable. E.ON AG is therefore reviewing its 2013 forecast and statements regarding 2015 as part of its current planning process. According to I/B/E/S Estimates, the analysts are on average expecting the Company to report for fiscal year 2012 EBITDA of EUR 10.70356 billion and net income of EUR 4.16504 billion. Full Article
E.ON AG Reaffirms FY 2012 Earnings Forecast; Announces FY 2013 Forecast No Longer Achievable; Announces FY 2012 Dividend
E.ON AG announced that, on the basis of its current business portfolio, it continues to expect its full-year 2012 EBITDA to be between EUR 10.4 billion and EUR 11 billion and its underlying net income to be between EUR 4.1 billion and EUR 4.5 billion. E.ON AG also announced that it stands by its plan to pay out a dividend of EUR 1.10 per share for fiscal year 2012. E.ON AG also announced that, considering the substantial economic uncertainties and the structural changes in the energy industry, the Company’s previous 2013 forecast no longer seems achievable. E.ON AG is therefore reviewing its 2013 forecast and statements regarding 2015 as part of its current planning process. According to I/B/E/S Estimates, the analysts are on average expecting the Company to report for fiscal year 2012 EBITDA of EUR 10.70356 billion and net income of EUR 4.16504 billion. Full Article
Hitachi Ltd Nears British Nuclear Project Deal From E.ON AG And RWE AG-Reuters
Reuters reported that Hitachi Ltd is close to buying British nuclear new-build project Horizon. Hitachi, which is leading a consortium bidding for the project, was likely to be the winner. Japanese media said on Saturday the deal was expected to be worth more than 50 billion yen ($628.5 million) while analysts have put the value of Horizon at about 500 million euros ($646.6 million). Horizon, which plans to build 6 gigawatts (GW) of nuclear capacity, was put up for sale by its owners, E.ON AG and RWE AG, in March, as Germany's decision to pull out of nuclear power hurt their finances. Full Article
Hitachi Ltd Nears British Nuclear Project Deal From E.ON AG And RWE AG-Reuters
Reuters reported that Hitachi Ltd is close to buying British nuclear new-build project Horizon. Hitachi, which is leading a consortium bidding for the project, was likely to be the winner. Japanese media said on Saturday the deal was expected to be worth more than 50 billion yen ($628.5 million) while analysts have put the value of Horizon at about 500 million euros ($646.6 million). Horizon, which plans to build 6 gigawatts (GW) of nuclear capacity, was put up for sale by its owners, E.ON AG and RWE AG, in March, as Germany's decision to pull out of nuclear power hurt their finances. Full Article
RWE AG And E.ON AG In Advanced Talks To Sell Horizon-Reuters
Reuters reported that RWE AG is in advanced talks to sell Horizon, its British nuclear joint venture with E.ON, a deal that analysts say could fetch up to EUR500 million euros ($648 million). E.ON and RWE, under pressure from Germany's decision to phase out nuclear power, in March announced the sale of Horizon, a joint venture through which they had planned to invest 15 billion pounds ($24 billion) building plants in Oldbury and Wylfa with combined capacity of at least 6 gigawatts (GW). Full Article
RWE AG And E.ON AG In Advanced Talks To Sell Horizon-Reuters
Reuters reported that RWE AG is in advanced talks to sell Horizon, its British nuclear joint venture with E.ON, a deal that analysts say could fetch up to EUR500 million euros ($648 million). E.ON and RWE, under pressure from Germany's decision to phase out nuclear power, in March announced the sale of Horizon, a joint venture through which they had planned to invest 15 billion pounds ($24 billion) building plants in Oldbury and Wylfa with combined capacity of at least 6 gigawatts (GW). Full Article
E.ON AG Plans to Sell Stake in Fennovoima Project Shared with Outokumpu Oyj, Kesko Oyj and Subsidiaries of Boliden AB-Reuters
Reuters reported that E.ON AG announced that it plans to sell all of its operations in Finland, including 34%-stake in the Fennovoima nuclear project shared with Outokumpu Oyj, Kesko Oyj and local subsidiaries of Boliden AB. The move raises questions over the future of Fennovoima's unbuilt Pyhajoki reactor, which was due to provide cheap energy to shareholders. E.ON was the biggest single shareholder in the project. Full Article
Bridge Energy ASA Announces Commencement of Drilling Operations on Asha/Noor in Partnership with Wintershall Norge AS, E.ON AG's E.ON E&P Norge AS and VNG Norge AS
Bridge Energy ASA announced that the drilling of exploration well 16/1-16, shared with Wintershall Norge AS, E.ON AG's E.ON E&P Norge AS and VNG Norge AS, has started on the Asha/Noor prospect in Norway. This multi-target well, located on the western flank of the Utsira High in the Norwegian North Sea has the potential to appraise nearby discoveries; Ivar Aasen and Apollo. The well is being drilled by the Bredford Dolphin semi-submersible rig. The four reservoir target zones are Noor, Mukta, Zechstein and Draupne/Asha with total mean unrisked recoverable resources of approximately 30 million barrels of oil equivalent net to Bridge. Bridge has a 20% interest in the well. Wintershall Norge AS is the operator with 40%. Other partners are E.ON E&P Norge AS and VNG Norge AS both having a 20% share. Full Article
E.ON expects to sell stakes in regional units this year -CFO
FRANKFURT, May 8 - E.ON expects to sell its stakes in two regional units this year rather than next, its chief financial officer said on Wednesday.
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