E.ON SE

M&A Activity • Jul 3, 2002

News Details

Ad-hoc | 3 July 2002 21:23

E.ON AG english

E.ON Supervisory Board approves sale of Stinnes stake to Deutsche Bahn Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– E.ON Supervisory Board approves sale of Stinnes stake to Deutsche Bahn The Supervisory Board of Düsseldorf-based E.ON AG has approved the sale of E.ON’s Stinnes shareholding to Deutsche Bahn AG (DB). The two companies signed an agreement on the transaction. The agreement calls for DB to make all Stinnes shareholders a cash tender offer of 32.75 euros per share and for E.ON to transfer ownership of its entire Stinnes stake to DB for approximately 1.6 euros billion. E.ON will record a book gain of about 600 euros million on the transaction. end of ad-hoc-announcement (c)DGAP 03.07.2002 ——————————————————————————– WKN: 761440; ISIN: DE0007614406; Index: DAX, EURO STOXX 50 Listed: Amtlicher Markt in Berlin, Bremen, Düsseldorf, Frankfurt, Hamburg, Hannover, München und Stuttgart; Eurex; Swiss Exchange; New York 032123 Jul 02