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EONGY.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

E.ON and DSM Nutritional Products intend to modernize existing power plant
Wednesday, 12 Apr 2017 06:28am EDT 

E.ON SE : DSM Nutritional Products and E.ON have announced their intention to essentially modernize the existing distributed power plant at Grenzach-Wyhlen in Baden-Wuerttemberg .Contract for decentralized power generation extended for at least 15 years.  Full Article

E.ON SE: Michael Lewis becomes new CEO of E.ON UK
Monday, 13 Mar 2017 07:41am EDT 

E.ON SE : Appoints Michael Lewis as new CEO of E.ON UK, Marc Hoffman will become new CEO Customer Solutions and Country Chairman for Sweden .Anja Dotzenrath to become new CEO of E.ON Climate & Renewables.  Full Article

Nordex to supply 228 MW for E.ON project in US
Thursday, 8 Dec 2016 05:00am EST 

Nordex SE : To supply 228 MW for E.ON project in US . Will be installing 76 AW125/3000 turbines at bruenning's breeze wind farm in texas .E.ON plans to commission turbines at end of next year.  Full Article

Uniper CEO says may withdraw from some countries
Monday, 22 Aug 2016 03:24am EDT 

E.On SE : In press call says forced redundancies not ruled out but measures to be taken to avoid them . Uniper CEO says no details on planned asset sales soon, there is time until the end of 2017 .Uniper CEO says cannot rule out withdrawing from certain countries, but could enter new ones especially in services.  Full Article

RPT-Uniper plans to end 2 bln eur asset sales by end 2017
Monday, 22 Aug 2016 02:53am EDT 

E.ON SE : Uniper says H1 global trading unit's EBITDA alone at 1.2 billion eur (0.4 billion H1 2015) . Says H1 adjusted EBIT roughly doubled to 1.1 billion eur . Uniper says H1 European generation EBITDA down one fifth at 0.4 billion eur . Uniper says H1 adjusted EBITDA up 50 percent year-year at 1.5 billion eur . Uniper says H1 Russian generation adjusted EBITDA plummets to 5 million eur (150 million eur year earlier) . Uniper reiterates H1 net loss was 3.9 billion eur due to plant impairment charges, gas storage provisions . Uniper CEO Klaus Schaefer says construction of Datteln 4 power plant proceeding rapidly . Uniper CEO says in speech cut H1 investments in fixed assets by around 30 percent . Uniper says plans to conclude 2 billion eur asset sales programme by the end of 2017 . Uniper CEO says it is clear must address our personnel costs . Uniper CEO affirms dividend of 200 million eur to be paid in 2016 . Fired plants will operate to end of their life . Uniper CFO says operating cash flow declined to 2 billion eur in H1 from 2.3 billion year earlier . Uniper CFO says 5 billion eur credit line secured in June brought down by 500 million as of now Further company coverage: [EONGn.DE] (Reporting By Georgina Prodhan) ((georgina.prodhan@thomsonreuters.com;)).  Full Article

E.ON CFO says expects fierce competition in Britain
Wednesday, 10 Aug 2016 02:21am EDT 

E.On Se : Cfo says expects competition in britain to intensify next year . Cfo says potential capital increase would be tied exclusively to nuclear commission outcome Further company coverage: [EONGn.DE] (Frankfurt newsroom) ((+49 69 7565 1270; Reuters Messaging: frankfurt.newsroom@thomsonreuters.net)).  Full Article

E.ON's Uniper says medium-term financing need 500 mln euro lower than expected
Thursday, 28 Jul 2016 08:05am EDT 

E.On Se's Uniper : Uniper successfully completes external financing . Medium-Term financing need eur 500 million lower than expected . Uniper - syndication of credit facilities concluded with a consortium of 15 banks . Due to a lower than expected medium-term financing need , which is primarily related to spin-off-related liabilities that will not come due until later, uniper has now been able to reduce the financing volume by eur 500 million to eur 4.5 billion Further company coverage: [EONGn.DE] (Frankfurt Newsroom) ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

Osaka Gas plans overseas LNG sales, eyes German deal - Nikkei
Wednesday, 27 Jul 2016 01:19pm EDT 

: Osaka Gas is working toward an agreement to sell LNG made from U.S. shale gas to Uniper, a unit of German energy provider E.ON - Nikkei . Osaka's deal with Uniper will involve roughly 20-yr contract under which uniper would be responsible for shipping gas from point of production - Nikkei . More than 10 million tons of LNG would be supplied over the life of Osaka's deal with Uniper - Nikkei . LNG sold to Uniper by Osaka would be exported from Freeport liquefaction plant and loading facility under construction in U.S. state of Texas - Nikkei .Osaka Gas is also seen as able to resell around 40% of the LNG from shares in two Australian projects - Nikkei.  Full Article

E.ON shareholders approve split of company in two
Wednesday, 8 Jun 2016 12:41pm EDT 

E.ON SE : E.ON shareholders approve split of company in two with majority of 99.68 percent Further company coverage: [EONGn.DE] (Reporting By Georgina Prodhan) ((georgina.prodhan@thomsonreuters.com;)).  Full Article

E.ON CEO confirms company will not exclude capital measures
Wednesday, 8 Jun 2016 09:12am EDT 

E.On : CEO confirms that the company will not exclude capital measures . Says not interested in buying solarworld . CEO says ipo of turkish participation enerjisa is still an option, there is no timeline . CEO says does not expect to restart block 3 of russian berezovskaya before end 2017 Further company coverage: [EONGn.DE] (Frankfurt Newsroom) ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

More From Around the Web


E.ON offers UK households solar panels with battery storage

LONDON German utility E.ON launched a combined solar panel and battery storage product for British customers which could cut rising electricity bills by 50 percent, it said on Wednesday.