European Utilities Correspondent
Peter's Feed
Nov 6, 2009

E.ON set to sell its German power grid -sources

FRANKFURT, Nov 6 (Reuters) – Germany’s E.ON AG <EONGn.DE>,
the world’s largest utility, is set to sell its German
long-distance power grid, four people with knowledge of the
matter said, ending years of wrangling with the European
Commission.

E.ON is in advanced talks with Dutch grid operator TenneT as
well as a consortium of Goldman Sachs <GS.N>, Allianz <ALVG.DE>
and Deutsche Bank <DBKGn.DE> about the sale of its 11,000
kilometres of high-voltage electricity grid, the sources told
Reuters on Friday.

Oct 6, 2009

Bilfinger buys MCE to expand services, sells shares

FRANKFURT, Oct 6 (Reuters) – Bilfinger Berger <GBFG.DE>,
Germany’s second-largest builder, will buy Austrian industrial
services group MCE for 350 million euros ($511.7 million) as
part of its strategy to move away from the volatile construction
business.

Bilfinger plans to issue new shares worth 270 million euros
to finance the takeover, said the builder, which now has a value
of around 1.7 billion euros on the stock market.

Jul 16, 2009
via Commodity Corner

Now in the movies: The gentle giant

Photo

German utility RWE – Europe’s fifth-largest power company and the continent’s biggest emitter of carbon dioxcide – has resorted to a new way to counter what it sees as a fundamental misunderstanding about power companies.

 

Its animated movie – to be shown on TV and in cinemas – is meant to show what the company is really about – and overcome the public’s distaste for an industry whose dominance has allowed it to mete out ever higher power prices.