E.On bags €1.34bn for debt reduction after losses in 2016

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Cookies Settings
Equity
ABBs-Block Trades

E.On bags €1.34bn for debt reduction after losses in 2016

Aidan Gregory
March 17, 2017 02:00 PM
E.ON_PA_230x150
E.ON CEO Johannes Teyssen seen during the financial statement press conference of the electric utility service provider held at its headquarters in Essen, Germany, 15 March 2017. The company has posted a loss of 16 billion euros for the past fiscal year, the largest of its kind in the company's history. Photo: Ina Fassbender/dpa | Ina Fassbender/DPA/PA Images

E.On, the German electricity and gas company, successfully placed €1.34bn of new equity on Thursday night after announcing earlier in the week that it had made a €16bn loss in 2016 due to a writedown of the value of Uniper, the fossil fuels business it span off last year, and costs related to the decommissioning of its nuclear assets.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

GermanyEquityBank of AmericaABBs-Block TradesEuropeEMEA
AG
Aidan Gregory
Gift this article