January 18, 2018 / 12:58 PM / a month ago

Bavaria could sell $349 million stake in energy group E.ON

KLOSTER BANZ, Germany, Jan 18 (Reuters) - The German state of Bavaria could sell its 1.44 percent stake in energy firm E.ON to fund the development of new housing, its finance minister Markus Soeder said on Thursday.

A sale of the stake, worth 285 million euros ($349 million) based on E.ON’s current market capitalisation, has not yet been decided, he added. ($1 = 0.8171 euros) (Reporting by Joern Poltz; Writing by Christoph Steitz; Editing by Maria Sheahan)

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