E.ON SE

M&A Activity • Apr 29, 2010

News Details

Ad-hoc | 29 April 2010 00:47

E.ON to sell US Power and Gas Business to PPL Corporation

E.ON AG / Disposal

29.04.2010 00:47

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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E.ON to sell US Power and Gas Business to PPL Corporation
Purchase price of approximately 7.6 billion US-Dollar

E.ON is to sell its power and gas business in the US to PPL Corporation,
Allentown, Pennsylvania. The two companies signed contracts and
agreed the purchase price of 7.6 Billion US-Dollar, a price that is very
attractive for E.ON AG. With this disposal E.ON is already ahead of its
target to realize at least 10 billion Euro from the divestment of assets by
the end of 2010. Economic net debt will be reduced by 6 billion Euro due to
the disposal. The transaction is subject to the approval of U.S. cartel and
regulatory bodies, closing is expected for year end 2010. E.ON US will be
treated as discontinued operations for the whole of 2010. This technically
reduces Adjusted EBIT by approximately 400 million Euro and Adjusted Net
Income by approximately 260 million Euro, but has no effect on net income
attributable to shareholders. Accordingly there is also no change to the
2010 Adjusted EBIT and Adjusted Net Income outlook on a pro-forma basis. As
part of the transaction, E.ON will record a goodwill impairment of
approximately 0,9 billion Euro in the first quarter of 2010. This figure is
based on the not finally ascertained and approved interim financial
statement and might therefore be subject to change.

Contact:
Peter Blau
Corporate Communications
E.ON AG
T. +49-211-4579-628
peter.blau@eon.com

29.04.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: E.ON AG
E.ON-Platz 1
40479 Düsseldorf
Deutschland
Phone: +49 (0)211 4579-0
Fax: +49 (0)211 45 79-5 01
E-mail: investorrelations@eon.com
Internet: www.eon.com
ISIN: DE000ENAG999
WKN: ENAG99
Indices: DAX, EURO STOXX 50
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
Düsseldorf, München, Hannover, Stuttgart, Hamburg;
Terminbörse EUREX; Foreign Exchange(s) Mailand

End of News DGAP News-Service

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