Tuesday, 9 November 2010

Energy group E.ON in talks over network sale

German energy group E.ON is in talks to sell its electricity distribution
network in the UK for up to £3.5bn. E.ON is believed to be in advanced negotiations with a group of foreign
investors over the deal, which could see a change of hands for Britain's
second biggest power grid - providing electricity to more than five million
homes. It is thought the bidding consortium comprises sovereign wealth fund
the Abu Dhabi Investment Authority, Canadian Pension Plan and Australian
Bank Macquarie. Read more:

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