News: E.ON SE (EONGn.DE)
HELSINKI - State-controlled Finnish utility Fortum has agreed to sell its local power distribution grid to a group of institutional investors led by First State Investments and Borealis Infrastructure for 2.55 billion euros ($3.5 billion).
BRUSSELS, Dec 11 - The following are mergers under review by the European Commission and a brief guide to the EU merger process:
PRAGUE - Czech utility CEZ has offered to buy German group E.ON's stake in a gas company it owns with the City of Prague, it said on Tuesday.
LONDON, Dec 6 - E.ON is to raise energy prices for British households by 3.7 percent, announcing the lowest price hike of the "big six" utilities after factoring in the government's removal of some environmental and social levies from bills.
Dec 4 - Energy giant E.ON is set to hike gas and electricity bills by 50 pounds in 2014, the Telegraph reported citing sources.
FRANKFURT/MILAN - Germany utility E.ON has started preparations for the sale of its Italian business and will soon begin the search for a buyer, four people familiar with the matter said, at a price likely to be about 3 billion euros ($4 billion).
FRANKFURT/MILAN, Nov 28 - Germany utility E.ON has started preparations for the sale of its Italian business and will soon begin the search for a buyer, four people familiar with the matter said, at a price likely to be about 3 billion euros ($4 billion).
RIO DE JANEIRO - OGX Maranhão, the Brazilian on-shore natural gas producer, has changed its name to Parnaíba Gás Natural, said Eneva SA , one of three companies that owns a stake in the company, in an e-mailed statement on Wednesday.
BERLIN, Nov 26 - European natural gas trading has become more attractive than power as the rise of regional hubs offers arbitrage opportunities while renewable subsidies and regulatory risks make power less appealing, German utility E.ON said on Tuesday.
* Finance Ministry convinced its charges are EU-compatible