Endesa, Gas Natural Fenosa, Acciona and EDP have submitted their proposals to purchase the assets of E. On Spain, as part of the disinvestment process in the country started by the German company.
Endesa has decided to make this offer after its parent company Enel announced late last month that a reorganization of the business passes through the segregation of Latin American assets and finding new opportunities in the Iberian market.
In case of a successful bid, Enel and Endesa recover assets that were owned in the past, reported Five Days .The process for non-binding offers concludes this lunes.E l new CEO of Enel, Francisco Starace, as indicated that the company would look at opportunities that may arise in Spain, including E.On assets Iberdrola has officially said he would not participate in the auction.
Citi, acting as financial advisor in the sale of assets, has been in charge of distributing the notebooks of sale after probing interest in the market. Offers may be around 3,000 million euros
.E.On Spain, headed by Miguel Antoñanzas, has more than 1,100 employees and over 650,000 customers. Has power plants in Andalusia, Aragon, Asturias, Cantabria, Castilla-La Mancha, Castilla y León and Catalonia 4,500 megawatts (MW). As for the distribution business, has 33,000 kilometers of network.
No comments:
Post a Comment