May 8, 2013 / 2:47 PM / in 5 years

E.ON expects to sell stakes in regional units this year -CFO

FRANKFURT, May 8 (Reuters) - E.ON expects to sell its stakes in two regional units this year rather than next, its chief financial officer said on Wednesday.

Speaking in a conference call with analysts, Marcus Schenck said he expected to sell E.ON’s 63-percent stake in E.ON Westfalen Weser in mid-2013, adding that E.ON Mitte, in which E.ON owns 73 percent, would be sold a few months later.

In March, E.ON said it expected the two stakes to be sold either 2013 or 2014.

E.ON aims to raise more than 2 billion ($2.6 billion) euros by selling its stakes in Westfalen Weser, Mitte as well as its 16.7 percent stake in uranium enrichment company Urenco. ($1 = 0.7642 euros) (Reporting by Christoph Steitz)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below