Eon sells European gas grid to Australian bank

E.ON (FWB: EOAN) has announced the sale of its Open Grid Europe gas distribution network in a deal worth €3.2bn ($4.06bn).

The sale has been made to a consortium of infrastructure investors, led by Macquarie, the Australian bank.
E.On

The move brings Eon to within €3bn of its goal of generating €15bn from the sale of assets by the end of 2013, reports the FT.

The company has earmarked the proceeds for reducing debt and investing in renewable energy plants.

For more power business news


     

 

Share
     


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...